National Bank Financial Comments on B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for shares of B2Gold in a research report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.31 for the year, down from their prior estimate of $0.41. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.60 EPS.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Scotiabank cut B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Canaccord Genuity Group cut their target price on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, BMO Capital Markets cut their price objective on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$5.66.

B2Gold Stock Performance

TSE:BTO opened at C$3.77 on Friday. 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 company has a 50-day moving average of C$4.29 and a 200-day moving average of C$3.95. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$4.84. The firm has a market cap of C$4.94 billion, a price-to-earnings ratio of -22.18, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

Insider Activity at B2Gold

In related 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 acquired at an average cost 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 the company’s stock in a transaction on Wednesday, October 9th. The stock was 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.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio is currently -129.41%.

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.