B2Gold FY2024 EPS Estimate Raised by National Bank Financial

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Research analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will earn $0.41 per share for the year, up from their previous 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.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$673.95 million for the quarter.

A number of other research analysts have also issued reports on the stock. Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. CIBC set a C$3.30 target price on shares of B2Gold and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Canaccord Genuity Group lowered their target price on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets lowered their target price on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Three 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$5.93.

B2Gold Stock Performance

TSE:BTO opened at C$4.65 on Friday. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$4.84. The firm’s fifty day simple moving average is C$4.13 and its 200 day simple moving average is C$3.90. 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 firm has a market capitalization of C$6.09 billion, a PE ratio of -27.35, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -129.41%.

Insider Transactions at B2Gold

In other news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total transaction of C$250,982.04. In other news, Senior Officer Ninette Krohnert sold 16,175 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of B2Gold stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total transaction of C$250,982.04. In the last three months, insiders sold 87,449 shares of company stock valued at $384,111. Company 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.