FY2024 Earnings Forecast for B2Gold Issued By Cormark

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Cormark lowered their FY2024 earnings per share estimates for shares of B2Gold in a research report issued to clients and investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings of $0.26 per share for the year, down from their prior forecast of $0.29. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. Cormark also issued estimates for B2Gold’s Q4 2024 earnings at $0.06 EPS and FY2026 earnings at $0.51 EPS.

A number of other analysts have also commented on BTO. CIBC set a C$3.30 price objective on shares of B2Gold and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Stifel Nicolaus lifted their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. Canaccord Genuity Group decreased their target price on B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, BMO Capital Markets dropped their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.66.

B2Gold Trading Up 1.1 %

TSE:BTO opened at C$3.79 on Wednesday. The stock has a fifty day simple moving average of C$4.29 and a 200 day simple moving average of C$3.95. The firm has a market capitalization of C$4.96 billion, a price-to-earnings ratio of -22.41, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.84. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a dividend of $0.054 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 5.70%. B2Gold’s payout ratio is -129.41%.

Insider Activity at B2Gold

In other B2Gold news, Director Clive Thomas Johnson acquired 70,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were purchased at an average price of C$4.29 per share, with a total value of C$300,300.00. Also, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Over the last 90 days, insiders sold 87,449 shares of company stock valued at $384,111. Insiders own 0.66% 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.