Equities Analysts Offer Predictions for B2Gold Q3 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stifel Canada issued their Q3 2024 EPS estimates for shares of B2Gold in a report released on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings per share of $0.07 for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for B2Gold’s FY2025 earnings at $0.84 EPS.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The company 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%.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group lowered their price target on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. BMO Capital Markets decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Stifel Nicolaus boosted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday. Finally, Cormark boosted their price objective on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$5.93.

B2Gold Stock Down 1.7 %

Shares of TSE:BTO opened at C$4.70 on Wednesday. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The company has a 50 day moving average of C$4.08 and a 200-day moving average of C$3.88. 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 market cap of C$6.16 billion, a price-to-earnings ratio of -27.65, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 4.68%. B2Gold’s payout ratio is -129.41%.

Insiders Place Their Bets

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the firm’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. In other B2Gold news, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Insiders have sold 87,449 shares of company stock worth $384,111 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

B2Gold Company Profile

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.