Equities Analysts Issue Forecasts for B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Stifel Canada dropped their FY2024 earnings per share estimates for B2Gold in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates 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.

BTO has been the subject of a number of other research reports. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. CIBC set a C$3.30 price objective on B2Gold and gave the stock an “outperform” rating in a report on Wednesday, August 14th. BMO Capital Markets decreased their price objective on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Canaccord Genuity Group decreased their price objective on B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Stifel Nicolaus increased their price objective on B2Gold from C$6.00 to C$6.50 in a report on Monday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.93.

B2Gold Stock Performance

Shares of BTO stock opened at C$4.70 on Thursday. The stock has a fifty day moving average of C$4.08 and a 200 day moving average of C$3.88. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.84. The firm has a market capitalization of C$6.16 billion, a price-to-earnings ratio of -27.65, a PEG ratio of -0.27 and a beta of 1.23. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

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

B2Gold Dividend Announcement

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

Insider Activity

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s stock in a transaction that occurred 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. In related news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s 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. Also, Senior Officer Ninette Krohnert sold 16,175 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total value of C$66,479.25. In the last 90 days, insiders have sold 87,449 shares of company stock valued at $384,111. 0.66% of the stock is currently owned by insiders.

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.