B2Gold FY2024 EPS Estimate Raised by National Bank Financial

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for shares of B2Gold in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.41 per share for the year, up from their previous forecast of $0.26. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for B2Gold’s FY2025 earnings at $0.88 EPS.

Several other brokerages have also recently commented on BTO. BMO Capital Markets lowered 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 report on Monday, September 16th. Stifel Nicolaus boosted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Scotiabank cut shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Finally, Canaccord Genuity Group decreased their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$5.93.

B2Gold Stock Down 1.9 %

Shares of TSE:BTO opened at C$4.65 on Friday. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The company has a 50 day moving average of C$4.13 and a 200-day moving average of C$3.90. 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 stock has a market cap of C$6.09 billion, a price-to-earnings ratio of -27.35, a P/E/G ratio of -0.27 and a beta of 1.23.

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

Insider Buying and Selling at B2Gold

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. In other news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total value of C$250,982.04. Also, 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. Over the last quarter, insiders have sold 87,449 shares of company stock valued at $384,111. 0.66% of the stock is currently owned by corporate insiders.

B2Gold Announces Dividend

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

B2Gold Company Profile

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.