FY2024 Earnings Forecast for B2Gold Issued By Cormark

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Cormark boosted their FY2024 earnings per share estimates for B2Gold in a report issued on Wednesday, January 15th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.29 per share 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. Cormark also issued estimates for B2Gold’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.62 EPS.

Several other analysts have also recently commented on BTO. BMO Capital Markets reduced their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Stifel Nicolaus boosted their price target on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.79.

B2Gold Price Performance

B2Gold stock opened at C$3.49 on Monday. 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 has a one year low of C$3.18 and a one year high of C$4.84. The company has a market cap of C$4.57 billion, a P/E ratio of -20.53, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The business has a fifty day moving average of C$3.74 and a two-hundred day moving average of C$3.97.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were given a $0.054 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.19%. B2Gold’s dividend payout ratio is currently -129.41%.

Insider Activity at B2Gold

In other news, Senior Officer Randall Chatwin bought 10,153 shares of B2Gold stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. Corporate 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.