FY2024 Earnings Forecast for B2Gold Issued By Raymond James

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Stock analysts at Raymond James decreased their FY2024 earnings per share estimates for B2Gold in a research note issued on Tuesday, January 14th. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.36. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

BTO has been the subject of a number of other research reports. Cibc World Mkts cut B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday. Cormark upped their target price on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. BMO Capital Markets reduced their price target on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$5.79.

B2Gold Stock Performance

Shares of TSE:BTO traded down C$0.08 on Thursday, hitting C$3.43. 5,049,424 shares of the company were exchanged, compared to its average volume of 2,793,116. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The stock's 50 day moving average price is C$3.77 and its 200 day moving average price is C$3.97. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.84. The firm has a market capitalization of C$4.49 billion, a P/E ratio of -20.18, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. Insiders own 0.66% of the company's stock.

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 issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 6.30%. The ex-dividend date was Monday, December 2nd. B2Gold's dividend payout ratio (DPR) is -129.41%.

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.