Cormark Has Optimistic Outlook of B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTOFree Report) (NYSE:BTG) – Investment analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a note issued to investors on Wednesday, January 15th. Cormark analyst R. Gray now expects that the company will post earnings of $0.29 per share for the year, up from their previous forecast 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.

A number of other equities research analysts also recently commented on the stock. BMO Capital Markets dropped their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus increased their price objective on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.79.

View Our Latest Analysis on BTO

B2Gold Stock Up 0.6 %

BTO stock opened at C$3.49 on Monday. The company’s 50 day moving average price is C$3.74 and its 200 day moving average price is C$3.97. The firm has a market capitalization of C$4.57 billion, a price-to-earnings ratio of -20.53, a PEG ratio of -0.27 and a beta of 1.23. 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 debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

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 given a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.19%. B2Gold’s dividend payout ratio (DPR) is presently -129.41%.

Insider Activity

In related news, Senior Officer Randall Chatwin purchased 10,153 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Corporate insiders own 0.66% of the company’s stock.

B2Gold Company Profile

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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.

See Also

Earnings History and Estimates for B2Gold (TSE:BTO)

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