Cormark Has Bearish Estimate for B2Gold FY2025 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Cormark reduced their FY2025 earnings estimates for B2Gold in a research report issued to clients and investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.50 for the year, down from their prior estimate of $0.52. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share.

BTO has been the subject of several other reports. Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Stifel Nicolaus increased their price target on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Canaccord Genuity Group lowered their price target on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, BMO Capital Markets cut 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$5.66.

B2Gold Trading Up 1.1 %

TSE:BTO opened at C$3.79 on Thursday. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The business has a fifty day moving average price of C$4.29 and a 200-day moving average price of C$3.95. The firm has a market capitalization of C$4.96 billion, a price-to-earnings ratio of -22.41, 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.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. Also, Director Clive Thomas Johnson acquired 70,000 shares of B2Gold stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of C$4.29 per share, for a total transaction of C$300,300.00. In the last three months, insiders have sold 87,449 shares of company stock worth $384,111. 0.66% of the stock is currently owned by corporate insiders.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a $0.054 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.70%. B2Gold’s dividend payout ratio (DPR) is presently -129.41%.

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.