Analysts Offer Predictions for B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at National Bank Financial reduced their FY2024 EPS estimates for B2Gold in a research note issued on Wednesday, January 29th. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.24 per share for the year, down from their prior forecast of $0.31. 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 $0.45 EPS and FY2026 earnings at $0.62 EPS.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same quarter last year, the firm posted $0.07 earnings per share.

A number of other research firms have also recently weighed in on BTO. BMO Capital Markets cut their price target on 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 report 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$5.79.

B2Gold Stock Down 0.6 %

BTO stock opened at C$3.51 on Friday. The company’s 50 day moving average price is C$3.66 and its 200 day moving average price is C$3.95. The firm has a market capitalization of C$4.60 billion, a price-to-earnings ratio of -20.65, a PEG ratio of -0.27 and a beta of 1.23. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week 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.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, December 12th were paid a $0.054 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a yield of 6.15%. B2Gold’s payout ratio is currently -129.41%.

Insider Buying and Selling

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price 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.