FY2024 Earnings Estimate for B2Gold Issued By Stifel Canada

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Investment analysts at Stifel Canada reduced their FY2024 EPS estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $0.29 for the year, down from their previous estimate of $0.31. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for B2Gold's Q4 2024 earnings at $0.09 EPS and FY2025 earnings at $0.68 EPS.

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

B2Gold Trading Up 0.8 %

BTO stock traded up C$0.03 during midday trading on Thursday, hitting C$3.61. The company had a trading volume of 1,835,957 shares, compared to its average volume of 3,081,078. The stock has a market cap of C$4.73 billion, a price-to-earnings ratio of -21.24, a PEG ratio of -0.27 and a beta of 1.23. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$4.84. 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$3.62 and its 200 day moving average price is C$3.94.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.04). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. During the same period in the previous year, the company posted $0.07 earnings per share.

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 given a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold's dividend payout ratio is currently -129.41%.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin purchased 10,153 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is currently owned by company insiders.

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.