Equities Analysts Set Expectations for B2Gold Corp.'s Q3 2024 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Analysts at National Bank Financial cut their Q3 2024 EPS estimates for shares of B2Gold in a research report issued on Wednesday, August 14th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.11. The consensus estimate for B2Gold's current full-year earnings is $0.41 per share. National Bank Financial also issued estimates for B2Gold's Q4 2024 earnings at $0.08 EPS and FY2025 earnings at $0.79 EPS.

Other research analysts have also issued research reports about the company. Stifel Nicolaus dropped their target price on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Scotiabank cut shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research note on Friday, August 9th. Cibc World Mkts upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday. Finally, 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. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, B2Gold currently has a consensus rating of "Buy" and a consensus target price of C$5.94.

B2Gold Stock Performance

BTO stock traded up C$0.13 during trading on Friday, hitting C$3.68. The company had a trading volume of 2,891,562 shares, compared to its average volume of 3,306,970. The firm has a 50-day moving average price of C$3.80 and a 200-day moving average price of C$3.68. The company has a quick ratio of 3.33, a current ratio of 2.99 and a debt-to-equity ratio of 1.15. The firm has a market cap of C$4.78 billion, a PE ratio of -61.33, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.74.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be issued a $0.055 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 5.98%. B2Gold's dividend payout ratio (DPR) is presently -366.67%.

Insider Buying and Selling at B2Gold

In related news, Senior Officer Randall Chatwin sold 12,520 shares of B2Gold stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$3.72, for a total transaction of C$46,574.40. In other B2Gold news, Senior Officer Daniel Bruce Moore sold 150,000 shares of the company's stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total value of C$582,000.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the firm's stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$3.72, for a total transaction of C$46,574.40. Over the last three months, insiders sold 162,558 shares of company stock valued at $628,717. Corporate insiders own 0.70% of the company's stock.

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.