B2Gold Corp. Forecasted to Post Q1 2024 Earnings of $0.05 Per Share (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark increased their Q1 2024 earnings per share (EPS) estimates for shares of B2Gold in a note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.05 per share for the quarter, up from their prior forecast of $0.04. The consensus estimate for B2Gold’s current full-year earnings is $0.31 per share.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The business had revenue of C$697.07 million during the quarter.

A number of other research firms have also recently commented on BTO. Eight Capital lowered their price target on B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus lowered their price target on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. BMO Capital Markets lowered their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Canaccord Genuity Group lifted their price objective on B2Gold from C$7.25 to C$7.50 in a research note on Tuesday. Finally, National Bankshares reduced their price objective on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$6.10.

B2Gold Stock Up 1.4 %

TSE BTO opened at C$3.52 on Wednesday. The stock’s 50 day moving average is C$3.55 and its 200 day moving average is C$3.94. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$5.74. The stock has a market cap of C$4.58 billion, a PE ratio of 352.00, a P/E/G ratio of -0.27 and a beta of 1.13.

Insider Activity

In other news, Senior Officer Eduard Bartz sold 12,510 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total value of C$49,164.30. Also, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. In the last 90 days, insiders have sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is currently owned by insiders.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 6.14%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio is currently 2,200.00%.

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.