National Bank Financial Forecasts Lower Earnings for B2Gold

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for B2Gold in a research note issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.31 per share for the year, down from their prior estimate of $0.41. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.10 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.60 EPS.

BTO has been the topic of a number of other reports. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. BMO Capital Markets dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. Canaccord Genuity Group dropped their price target on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus increased their price objective on B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.66.

B2Gold Trading Down 0.5 %

TSE:BTO opened at C$3.77 on Friday. The company has a market capitalization of C$4.94 billion, a PE ratio of -22.18, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.84. The stock’s 50 day moving average price is C$4.29 and its 200 day moving average price is C$3.95. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

B2Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 5.73%. The ex-dividend date is Monday, December 2nd. B2Gold’s payout ratio is -129.41%.

Insider Transactions at B2Gold

In other news, Senior Officer Ninette Krohnert sold 16,175 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. Also, Senior Officer Randall Chatwin sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$4.53, for a total transaction of C$45,300.00. In the last three months, insiders sold 87,449 shares of company stock valued at $384,111. Corporate insiders own 0.66% of the company’s stock.

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.