B2Gold Corp. (TSE:BTO – Free Report) (NYSE:BTG) – Research analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for B2Gold in a note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.30 for the year, down from their prior forecast of $0.36. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share.
BTO has been the topic of several other research reports. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Cormark increased their price target on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. Stifel Nicolaus increased their target price on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, BMO Capital Markets reduced their price target on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$5.79.
B2Gold Stock Performance
Shares of BTO opened at C$3.43 on Thursday. 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 firm’s fifty day simple moving average is C$3.77 and its two-hundred day simple moving average is C$3.97. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84. The stock has a market capitalization of C$4.49 billion, a P/E ratio of -20.18, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.
Insider Buying and Selling
In other news, Senior Officer Randall Chatwin bought 10,153 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is currently owned by corporate insiders.
B2Gold Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were given a dividend of $0.054 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.30%. B2Gold’s payout ratio is -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.
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