FY2024 Earnings Estimate for B2Gold Issued By Raymond James

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Analysts at Raymond James dropped their FY2024 earnings per share estimates for shares of B2Gold in a research note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.30 per share for the year, down from their previous estimate of $0.36. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share.

Several other research firms have also recently weighed in on BTO. BMO Capital Markets lowered their price objective on B2Gold from C$8.50 to C$7.00 in a research report on Tuesday. Stifel Nicolaus raised their price target on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. Cormark increased their target price on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Finally, Cibc World Mkts downgraded shares of 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 given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$5.79.

B2Gold Stock Performance

TSE:BTO opened at C$3.43 on Thursday. The stock has a 50 day simple moving average of C$3.77 and a 200 day simple moving average of C$3.97. The stock has a market cap of C$4.49 billion, a P/E ratio of -20.18, a PEG 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 current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05.

Insider Activity

In other news, Senior Officer Randall Chatwin bought 10,153 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, with a total value of C$35,637.03. 0.66% of the stock is currently owned by corporate insiders.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were issued a $0.054 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.30%. B2Gold’s dividend payout ratio (DPR) is currently -129.41%.

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.