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

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Cormark lifted their FY2024 earnings per share estimates for B2Gold in a research note issued on Wednesday, January 15th. Cormark analyst R. Gray now expects that the company will earn $0.29 per share for the year, up from their prior estimate of $0.26. 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 $0.07 EPS and FY2025 earnings at $0.62 EPS.

Other research analysts have also issued research reports about the company. Stifel Nicolaus raised their price objective on B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets reduced their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of “Moderate Buy” and a consensus target price of C$5.79.

B2Gold Price Performance

Shares of TSE BTO opened at C$3.48 on Monday. The company has a 50 day simple moving average of C$3.74 and a two-hundred day simple moving average of C$3.97. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.84. The company has a market capitalization of C$4.56 billion, a price-to-earnings ratio of -20.47, a P/E/G 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 (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.04). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. During the same quarter in the prior year, the business earned $0.07 earnings per share.

Insider Activity at B2Gold

In other news, Senior Officer Randall Chatwin acquired 10,153 shares of B2Gold stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is owned by insiders.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.054 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.21%. B2Gold’s payout ratio 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.