Cormark Has Negative Outlook of B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Stock analysts at Cormark cut their FY2024 EPS estimates for shares of B2Gold in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.26 for the year, down from their prior forecast of $0.29. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share. Cormark also issued estimates for B2Gold's Q4 2024 earnings at $0.06 EPS and FY2026 earnings at $0.51 EPS.

A number of other equities research analysts have also weighed in on BTO. BMO Capital Markets decreased their target price on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. CIBC set a C$3.30 target price on B2Gold and gave the company an "outperform" rating in a report on Wednesday, August 14th. Canaccord Genuity Group cut their price target on B2Gold from C$7.50 to C$7.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Scotiabank lowered shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus raised their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$5.66.

B2Gold Stock Performance

B2Gold stock traded down C$0.10 during midday trading on Wednesday, reaching C$3.75. 2,978,163 shares of the company traded hands, compared to its average volume of 3,419,171. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.84. 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 has a 50 day moving average of C$4.29 and a two-hundred day moving average of C$3.95. The firm has a market capitalization of C$4.91 billion, a price-to-earnings ratio of -22.65, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date is Monday, December 2nd. B2Gold's payout ratio is -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 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 B2Gold news, Director Clive Thomas Johnson purchased 70,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average cost of C$4.29 per share, with a total value of C$300,300.00. Also, Senior Officer Randall Chatwin sold 10,000 shares of the company's 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 value of C$45,300.00. Insiders have sold 87,449 shares of company stock valued at $384,111 over the last 90 days. 0.66% of the stock is currently 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.