Analysts Set Expectations for B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for B2Gold in a research note issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.31 per share for the year, down from their prior forecast of $0.41. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.60 EPS.

BTO has been the subject of a number of other reports. CIBC set a C$3.30 target price on B2Gold and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Stifel Nicolaus upped their target price on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. BMO Capital Markets lowered their price target 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. Finally, Scotiabank lowered B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$5.66.

B2Gold Price Performance

Shares of B2Gold stock opened at C$3.77 on Friday. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.84. The firm’s 50-day moving average price is C$4.29 and its two-hundred day moving average price is C$3.95. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of C$4.94 billion, a price-to-earnings ratio of -22.18, a P/E/G ratio of -0.27 and a beta of 1.23.

Insider Activity at B2Gold

In other 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 value of C$45,300.00. Also, Director Clive Thomas Johnson bought 70,000 shares of B2Gold stock in a transaction on Friday, October 4th. The shares were acquired at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Over the last quarter, insiders sold 87,449 shares of company stock worth $384,111. 0.66% of the stock is owned by insiders.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be paid a dividend of $0.054 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.73%. 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.