What is Stifel Canada’s Forecast for B2Gold FY2024 Earnings?

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at Stifel Canada reduced their FY2024 earnings estimates for shares of B2Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will earn $0.37 per share for the year, down from their previous forecast of $0.40. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for B2Gold’s FY2026 earnings at $0.66 EPS.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. The company had revenue of C$673.95 million for the quarter.

A number of other research analysts have also recently commented on BTO. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Cormark increased their target price on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. BMO Capital Markets decreased 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 research note on Monday, September 16th. CIBC set a C$3.30 target price on shares of B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Finally, Stifel Nicolaus lifted their price objective on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.93.

B2Gold Price Performance

Shares of B2Gold stock opened at C$4.65 on Thursday. The business’s 50-day moving average price is C$4.13 and its 200-day moving average price is C$3.90. The firm has a market capitalization of C$6.09 billion, a PE ratio of -27.35, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 4.73%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio is currently -129.41%.

Insiders Place Their Bets

In related news, Senior Officer Ninette Krohnert sold 16,175 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total transaction of C$66,479.25. In related news, Senior Officer Randall Chatwin sold 10,000 shares of the business’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 transaction of C$45,300.00. Also, Senior Officer Ninette Krohnert sold 16,175 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total transaction of C$66,479.25. In the last quarter, insiders sold 87,449 shares of company stock valued at $384,111. Company insiders own 0.66% of the company’s stock.

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.