National Bank Financial Predicts Lower Earnings for B2Gold

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Equities researchers at National Bank Financial reduced their Q4 2024 earnings estimates for shares of B2Gold in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.10. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

A number of other research analysts also recently weighed in on the company. BMO Capital Markets reduced their target price on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. TD Securities cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Stifel Nicolaus raised their price objective on B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Finally, Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$5.79.

B2Gold Trading Down 1.9 %

BTO stock traded down C$0.07 during trading on Thursday, reaching C$3.60. The company had a trading volume of 2,421,077 shares, compared to its average volume of 2,960,290. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$4.84. The business has a 50 day moving average of C$3.60 and a 200 day moving average of C$3.92. The company has a market cap of C$3.33 billion, a P/E ratio of -4.14, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were paid a $0.054 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.00%. B2Gold's dividend payout ratio is presently -25.32%.

Insider Transactions at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of B2Gold stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of C$3.51 per share, with a total value of C$35,637.03. 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.