Equities Analysts Issue Forecasts for B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of B2Gold in a research note issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.31 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.

Other equities analysts have also issued reports about the company. 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. 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 Monday, September 16th. Stifel Nicolaus upped their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. CIBC set a C$3.30 target price on shares of B2Gold and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, Cormark boosted their price target on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$5.66.

B2Gold Price Performance

Shares of TSE:BTO opened at C$3.79 on Friday. The firm’s 50 day moving average is C$4.29 and its two-hundred day moving average is C$3.95. The firm has a market capitalization of C$4.96 billion, a P/E ratio of -22.41, a PEG ratio of -0.27 and a beta of 1.23. 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 has a 52 week low of C$3.18 and a 52 week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a $0.054 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.70%. B2Gold’s payout ratio is currently -129.41%.

Insider Activity at B2Gold

In related news, Director Clive Thomas Johnson purchased 70,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were purchased at an average price of C$4.29 per share, with a total value of C$300,300.00. Also, Senior Officer Ninette Krohnert sold 16,175 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Insiders sold a total of 87,449 shares of company stock valued at $384,111 over the last ninety days. 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.