B2Gold (NYSE:BTG) Announces Earnings Results, Misses Estimates By $0.03 EPS

B2Gold (NYSE:BTG) released its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03), Briefing.com reports. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the previous year, the firm earned $0.05 EPS. B2Gold’s quarterly revenue was down 6.2% on a year-over-year basis.

B2Gold Trading Down 3.9 %

NYSE BTG traded down $0.12 during mid-day trading on Friday, hitting $2.93. The company’s stock had a trading volume of 6,699,891 shares, compared to its average volume of 12,552,028. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -5.25, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. The firm’s 50 day moving average price is $3.16. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Monday, December 2nd. B2Gold’s dividend payout ratio is currently -28.57%.

Analyst Upgrades and Downgrades

BTG has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. CIBC raised their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.12.

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.