Cormark Issues Pessimistic Estimate for B2Gold Earnings

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Investment analysts at Cormark decreased their FY2025 EPS estimates for B2Gold in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.50 for the year, down from their previous estimate of $0.52. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

BTO has been the subject of several other research reports. CIBC set a C$3.30 price target on shares of B2Gold and gave the company an "outperform" rating in a research report on Wednesday, August 14th. Scotiabank downgraded shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research report on Friday, August 9th. BMO Capital Markets reduced 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 raised their price target on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Finally, Cibc World Mkts downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$5.66.

B2Gold Stock Up 1.1 %

Shares of BTO stock traded up C$0.04 during trading hours on Thursday, hitting C$3.79. 3,849,134 shares of the company's stock traded hands, compared to its average volume of 3,421,121. The stock's fifty day simple moving average is C$4.29 and its two-hundred day simple moving average is C$3.95. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$4.84. The stock has a market cap of C$4.96 billion, a price-to-earnings ratio of -22.41, a PEG 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.

Insider Activity

In other news, Senior Officer Ninette Krohnert sold 16,175 shares of the business's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, 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 transaction of C$45,300.00. Insiders sold a total of 87,449 shares of company stock valued at $384,111 in the last 90 days. Company insiders own 0.66% of the company's stock.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold's payout ratio is -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.