B2Gold Corp. (NYSE:BTG) to Issue Quarterly Dividend of $0.02

B2Gold Corp. (NYSE:BTG) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.02 per share on Thursday, March 20th. This represents a $0.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th.

B2Gold has a dividend payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect B2Gold to earn $0.40 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 40.0%.

B2Gold Stock Up 5.6 %

Shares of BTG stock traded up $0.15 during trading hours on Thursday, reaching $2.81. 60,918,532 shares of the company’s stock were exchanged, compared to its average volume of 28,778,617. The stock’s fifty day moving average price is $2.50 and its two-hundred day moving average price is $2.81. The stock has a market cap of $3.70 billion, a PE ratio of -5.02, a PEG ratio of 0.30 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.50.

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of research analyst reports. CIBC decreased their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.02.

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.