B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Equities researchers at Cormark lifted their FY2024 earnings per share estimates for shares of B2Gold in a report released on Wednesday, January 15th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.29 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. Cormark also issued estimates for B2Gold's Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.62 EPS.
A number of other analysts also recently issued reports on BTO. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. BMO Capital Markets cut their target price on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Stifel Nicolaus raised their price target on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Finally, Cibc World Mkts cut B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of "Moderate Buy" and an average target price of C$5.79.
View Our Latest Stock Report on B2Gold
B2Gold Stock Performance
Shares of B2Gold stock traded up C$0.02 during trading on Monday, hitting C$3.49. 619,630 shares of the company's stock traded hands, compared to its average volume of 2,573,153. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$4.84. The business has a 50-day simple moving average of C$3.75 and a 200-day simple moving average of C$3.98. 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 capitalization of C$4.57 billion, a P/E ratio of -20.53, a PEG ratio of -0.27 and a beta of 1.23.
Insider Activity
In other B2Gold news, Senior Officer Randall Chatwin purchased 10,153 shares of B2Gold stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Company insiders own 0.66% of the company's stock.
B2Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 6.19%. B2Gold's dividend payout ratio is presently -129.41%.
About B2Gold
(
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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.
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