National Bank Financial Comments on B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Equities research analysts at National Bank Financial raised their FY2024 EPS estimates for shares of B2Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.41 for the year, up from their prior forecast of $0.26. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for B2Gold's FY2025 earnings at $0.88 EPS.

A number of other research firms have also commented on BTO. CIBC set a C$3.30 price target on B2Gold and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Cibc World Mkts lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Stifel Nicolaus increased their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday. Scotiabank cut shares of B2Gold from an "outperform" rating to a "sector perform" rating in a research report on Friday, August 9th. Finally, Cormark increased their target price on B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$5.93.

B2Gold Trading Down 1.9 %

BTO stock traded down C$0.09 during midday trading on Friday, hitting C$4.65. 2,766,567 shares of the company's stock were exchanged, compared to its average volume of 3,418,316. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. 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 company has a market cap of C$6.09 billion, a PE ratio of -27.35, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The stock's fifty day moving average price is C$4.13 and its 200-day moving average price is C$3.90.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The firm had revenue of C$673.95 million for the quarter.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were issued a dividend of $0.055 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.22 annualized dividend and a yield of 4.73%. B2Gold's payout ratio is presently -129.41%.

Insider Activity at B2Gold

In related news, Senior Officer Randall Chatwin sold 10,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. In other news, Senior Officer Randall Chatwin sold 10,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$4.53, for a total value of C$45,300.00. Also, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. Over the last ninety days, insiders sold 87,449 shares of company stock valued at $384,111. 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.