FY2024 Earnings Forecast for B2Gold Issued By Raymond James

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Analysts at Raymond James decreased their FY2024 earnings estimates for shares of B2Gold in a research note issued on Tuesday, January 14th. Raymond James analyst F. Hamed now forecasts 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.

Several other equities analysts have also recently issued reports on BTO. BMO Capital Markets decreased their target price on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Cormark raised their target price on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. Finally, Stifel Nicolaus increased their price target on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$5.79.

B2Gold Price Performance

Shares of TSE:BTO opened at C$3.51 on Thursday. The firm has a market capitalization of C$4.60 billion, a price-to-earnings ratio of -20.65, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The business’s 50 day simple moving average is C$3.79 and its 200-day simple moving average is C$3.98. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84.

B2Gold Cuts Dividend

The company 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 dividend on an annualized basis and a yield of 6.15%. B2Gold’s dividend payout ratio (DPR) is currently -129.41%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of B2Gold stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is owned by corporate 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.