Analysts Set Expectations for B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Investment analysts at National Bank Financial cut their FY2024 EPS estimates for B2Gold in a report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.31 per share for the year, down from their previous estimate of $0.41. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for B2Gold's Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.60 EPS.

Other equities research analysts have also recently issued research reports about the stock. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an "outperform" rating in a report on Wednesday, August 14th. Canaccord Genuity Group dropped their price target on shares of B2Gold from C$7.50 to C$7.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Scotiabank cut shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research note on Friday, August 9th. BMO Capital Markets dropped their price target on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. Finally, Cormark lifted their price target on shares of B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, B2Gold has a consensus rating of "Moderate Buy" and a consensus target price of C$5.66.

B2Gold Stock Down 0.5 %

Shares of BTO traded down C$0.02 on Friday, hitting C$3.77. 2,151,935 shares of the stock traded hands, compared to its average volume of 3,415,411. The company has a market capitalization of C$4.94 billion, a PE ratio of -22.18, a P/E/G ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93. The business has a 50 day simple moving average of C$4.29 and a 200 day simple moving average of C$3.95. B2Gold has a one year low of C$3.18 and a one year high of C$4.84.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a $0.054 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.22 annualized dividend and a yield of 5.73%. B2Gold's dividend payout ratio (DPR) is -129.41%.

Insider Buying and Selling at B2Gold

In other B2Gold news, Director Clive Thomas Johnson purchased 70,000 shares of the stock in a transaction dated Friday, October 4th. The stock was purchased at an average price 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 transaction of C$45,300.00. Insiders sold a total of 87,449 shares of company stock valued at $384,111 in the last three months. Company insiders own 0.66% of the company's stock.

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.