National Bank Financial Predicts B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Analysts at National Bank Financial reduced their FY2024 earnings estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.31 per share for the year, down from their previous 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.

Several other analysts also recently weighed in on BTO. BMO Capital Markets dropped 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 report on Monday, September 16th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. CIBC set a C$3.30 target price on B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Canaccord Genuity Group cut their price target 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. Finally, Cormark increased their price target on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$5.66.

B2Gold Price Performance

Shares of BTO opened at C$3.77 on Friday. The firm has a 50-day simple moving average of C$4.29 and a two-hundred day simple moving average of C$3.95. The stock has a market cap of C$4.94 billion, a PE ratio of -22.18, a P/E/G 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 debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33.

Insider Buying and Selling

In other news, Senior Officer Ninette Krohnert sold 16,175 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of C$4.11, for a total value of C$66,479.25. Also, Senior Officer Randall Chatwin sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$4.53, for a total value of C$45,300.00. Insiders sold 87,449 shares of company stock worth $384,111 over the last 90 days. 0.66% of the stock is owned by insiders.

B2Gold Cuts Dividend

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