National Bank Financial Predicts Higher Earnings for B2Gold

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Research analysts at National Bank Financial boosted 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 anticipates that the company will post earnings of $0.41 per share for the year, up from their previous estimate 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 commented on BTO. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Cormark upped their target price on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Scotiabank lowered B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. Stifel Nicolaus boosted their price objective on B2Gold from C$6.00 to C$6.50 in a research note on Monday. Finally, Canaccord Genuity Group lowered their target price on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$5.93.

B2Gold Stock Performance

Shares of B2Gold stock opened at C$4.74 on Friday. The firm has a market capitalization of C$6.21 billion, a P/E ratio of -27.88, a P/E/G 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 has a 52 week low of C$3.18 and a 52 week high of C$4.84. The firm’s 50 day moving average is C$4.11 and its two-hundred day moving average is C$3.89.

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

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were given a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 4.64%. B2Gold’s payout ratio is currently -129.41%.

Insider Buying and Selling at B2Gold

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the 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 Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction dated 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 company’s stock in a transaction dated 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 the last 90 days, insiders have sold 87,449 shares of company stock valued at $384,111. 0.66% of the stock is owned by corporate insiders.

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.