B2Gold (BTO) Set to Announce Earnings on Wednesday

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect B2Gold to post earnings of C$0.07 per share for the quarter.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last issued its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The firm had revenue of C$673.95 million for the quarter.

B2Gold Trading Down 0.2 %

TSE BTO traded down C$0.01 during mid-day trading on Wednesday, hitting C$4.74. The company's stock had a trading volume of 2,618,538 shares, compared to its average volume of 3,414,238. The firm has a market capitalization of C$6.21 billion, a P/E ratio of -27.82, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.84. The stock's fifty day simple moving average is C$4.18 and its two-hundred day simple moving average is C$3.91.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Tuesday, September 10th. B2Gold's dividend payout ratio is presently -129.41%.

Insider Buying and Selling

In related news, Director Clive Thomas Johnson bought 70,000 shares of the business's stock in a transaction dated Friday, October 4th. The shares were acquired at an average price of C$4.29 per share, for a total transaction of C$300,300.00. In other news, Director Clive Thomas Johnson purchased 70,000 shares of the stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of C$4.29 per share, for a total transaction of C$300,300.00. Also, Senior Officer Randall Chatwin sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. Over the last quarter, insiders sold 87,449 shares of company stock worth $384,111. Insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BTO. Stifel Nicolaus upped their price target on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. CIBC set a C$3.30 target price on B2Gold and gave the company an "outperform" rating in a research note on Wednesday, August 14th. Canaccord Genuity Group reduced their price target on B2Gold from C$7.50 to C$7.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Scotiabank cut B2Gold from an "outperform" rating to a "sector perform" rating in a report on Friday, August 9th. Finally, Cormark lifted their price objective on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$5.92.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.