B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at National Bank Financial increased their Q2 2021 EPS estimates for shares of B2Gold in a research note issued on Sunday, July 18th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.08. National Bank Financial currently has a “NA” rating and a $9.25 target price on the stock. National Bank Financial also issued estimates for B2Gold’s FY2021 earnings at $0.63 EPS and FY2023 earnings at $0.44 EPS.
Several other research firms have also recently commented on BTO. BMO Capital Markets lowered their price target on shares of B2Gold from C$9.50 to C$8.00 and set an “outperform” rating for the company in a report on Thursday, May 6th. Eight Capital lowered their price target on shares of B2Gold from C$12.50 to C$11.50 and set a “buy” rating for the company in a report on Tuesday, April 20th. TD Securities cut shares of B2Gold from an “action list buy” rating to a “buy” rating and lowered their price target for the stock from C$11.00 to C$9.50 in a report on Friday, April 16th. National Bankshares lowered their price target on shares of B2Gold from C$10.00 to C$9.25 in a report on Friday, July 16th. Finally, CIBC boosted their price target on shares of B2Gold to C$8.75 and gave the stock an “outperform” rating in a report on Friday, April 16th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$9.40.
B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Tuesday, May 4th. The company reported C$0.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.09 by C$0.02. The business had revenue of C$458.82 million during the quarter, compared to analyst estimates of C$449.67 million.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 22nd were issued a $0.048 dividend. This represents a $0.19 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, June 21st. B2Gold’s payout ratio is 18.25%.
In related news, Senior Officer Neil Reeder sold 14,638 shares of the company’s stock in a transaction on Thursday, June 17th. The shares were sold at an average price of C$5.63, for a total value of C$82,411.94. Also, Senior Officer Dale Alton Craig sold 42,302 shares of the company’s stock in a transaction on Thursday, May 20th. The shares were sold at an average price of C$6.43, for a total transaction of C$272,001.86. In the last 90 days, insiders sold 89,641 shares of company stock valued at $558,468.
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.
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