Cormark Comments on B2Gold’s FY2024 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark decreased their FY2024 EPS estimates for shares of B2Gold in a note issued to investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $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 research firms also recently commented on BTO. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Canaccord Genuity Group cut their target price on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets cut their target price on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. 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. Finally, Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.66.

B2Gold Trading Down 2.6 %

B2Gold stock opened at C$3.75 on Wednesday. The firm has a 50-day moving average of C$4.29 and a 200-day moving average of C$3.95. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of -22.06, a P/E/G ratio of -0.27 and a beta of 1.23.

Insider Transactions at B2Gold

In related news, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. In related news, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. Also, Senior Officer Ninette Krohnert sold 16,175 shares of B2Gold 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 have sold 87,449 shares of company stock worth $384,111. Company insiders own 0.66% of the company’s stock.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued 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 dividend yield of 5.76%. B2Gold’s dividend payout ratio (DPR) is presently -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.