FY2024 Earnings Estimate for B2Gold Corp. (TSE:BTO) Issued By Raymond James

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at Raymond James raised their FY2024 earnings estimates for shares of B2Gold in a report released on Monday, July 22nd. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.38 per share for the year, up from their previous forecast of $0.30. The consensus estimate for B2Gold’s current full-year earnings is $0.37 per share. Raymond James also issued estimates for B2Gold’s FY2025 earnings at $0.55 EPS.

BTO has been the topic of several other reports. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Stifel Nicolaus lowered their price objective on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Cormark upped their price target on shares of B2Gold from C$5.00 to C$5.50 in a research note on Thursday, June 20th. Canaccord Genuity Group upped their price target on shares of B2Gold from C$7.00 to C$7.25 in a research note on Tuesday. Finally, Scotiabank cut their price target on shares of B2Gold from C$5.50 to C$5.00 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$5.97.

B2Gold Stock Down 1.2 %

B2Gold stock opened at C$3.99 on Wednesday. The firm has a market capitalization of C$5.19 billion, a PE ratio of -79.80, a P/E/G ratio of -0.27 and a beta of 1.15. The company’s 50-day moving average is C$3.81 and its 200-day moving average is C$3.69. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.99 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.01. The firm had revenue of C$622.09 million for the quarter. B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%.

B2Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 24th were paid a $0.055 dividend. This is an increase from B2Gold’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.22 annualized dividend and a yield of 5.51%. B2Gold’s dividend payout ratio is presently -440.00%.

Insider Activity at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. In other B2Gold news, Senior Officer Daniel Bruce Moore sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total value of C$582,000.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Insiders sold a total of 162,575 shares of company stock valued at $628,781 in the last quarter. Insiders own 0.62% 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.