National Bank Financial Analysts Raise Earnings Estimates for B2Gold Corp. (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at National Bank Financial upped their Q2 2021 earnings estimates for B2Gold in a report released on Sunday, July 18th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.08. National Bank Financial has a “NA” rating and a $9.25 price target 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.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Tuesday, May 4th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.02. The business had revenue of C$458.82 million during the quarter, compared to the consensus estimate of C$449.67 million.

A number of other brokerages have also weighed in on BTO. CIBC boosted their price objective on B2Gold to C$8.75 and gave the stock an “outperform” rating in a research report on Friday, April 16th. Scotiabank reduced their price objective on B2Gold from C$9.75 to C$9.50 in a research report on Wednesday, May 5th. TD Securities lowered B2Gold from an “action list buy” rating to a “buy” rating and reduced their price target for the company from C$11.00 to C$9.50 in a research report on Friday, April 16th. National Bankshares reduced their price target on B2Gold from C$10.00 to C$9.25 in a research report on Friday, July 16th. Finally, JPMorgan Chase & Co. reduced their price target on B2Gold from C$8.00 to C$7.00 and set a “na” rating on the stock in a research report on Tuesday, July 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. B2Gold has an average rating of “Buy” and a consensus target price of C$9.40.

Shares of BTO stock opened at C$5.06 on Tuesday. The company has a market cap of C$5.32 billion and a price-to-earnings ratio of 6.60. B2Gold has a twelve month low of C$4.90 and a twelve month high of C$9.99. The company has a debt-to-equity ratio of 3.69, a current ratio of 2.91 and a quick ratio of 1.89. The stock’s fifty day moving average price is C$5.67.

In other news, Senior Officer Neil Reeder sold 14,638 shares of the stock in a transaction that occurred on Thursday, June 17th. The stock was 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 stock in a transaction that occurred on Thursday, May 20th. The stock was sold at an average price of C$6.43, for a total value of C$272,001.86. Over the last ninety days, insiders have sold 89,641 shares of company stock worth $558,468.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 22nd were paid a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Monday, June 21st. B2Gold’s dividend payout ratio (DPR) is currently 18.25%.

B2Gold Company Profile

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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Earnings History and Estimates for B2Gold (TSE:BTO)

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