National Bank Financial Expects Weaker Earnings for B2Gold

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities researchers at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a report released on Wednesday, January 29th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.24 per share for the year, down from their previous forecast of $0.31. 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 $0.45 EPS and FY2026 earnings at $0.62 EPS.

Several other equities research analysts have also recently issued reports on BTO. Stifel Nicolaus raised their price objective on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. BMO Capital Markets lowered their price target on B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Finally, Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$5.79.

B2Gold Stock Down 0.6 %

Shares of TSE BTO opened at C$3.51 on Friday. The firm has a market cap of C$4.60 billion, a P/E ratio of -20.65, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. 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 1 year low of C$3.16 and a 1 year high of C$4.84. The firm’s 50 day moving average price is C$3.66 and its 200 day moving average price is C$3.95.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same quarter in the previous year, the business earned $0.07 earnings per share.

Insider Activity at B2Gold

In other news, Senior Officer Randall Chatwin bought 10,153 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. Company insiders own 0.66% of the company’s stock.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were paid a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio is presently -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.