B2Gold (TSE:BTO) Trading 8.6% Higher

B2Gold Corp. (TSE:BTO - Get Free Report) NYSE: BTG traded up 8.6% on Thursday . The stock traded as high as C$4.08 and last traded at C$4.04. 720,695 shares traded hands during trading, a decline of 78% from the average session volume of 3,245,690 shares. The stock had previously closed at C$3.72.

Wall Street Analysts Forecast Growth

BTO has been the subject of several recent research reports. Cormark cut B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Scotiabank cut shares of B2Gold from an "outperform" rating to a "sector perform" rating in a report on Friday, August 9th. Canaccord Genuity Group reduced their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. CIBC set a C$3.30 price objective on shares of B2Gold and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Finally, Cibc World Mkts raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, B2Gold presently has a consensus rating of "Buy" and an average target price of C$5.94.

B2Gold Price Performance

The firm has a market cap of C$5.50 billion, a price-to-earnings ratio of -25.75, a PEG ratio of -0.27 and a beta of 1.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The stock has a 50-day moving average price of C$3.85 and a 200 day moving average price of C$3.70.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.02). The business had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. As a group, equities research analysts forecast that B2Gold Corp. will post 0.3483456 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold's dividend payout ratio (DPR) is presently -137.50%.

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.