Cormark Has Pessimistic View of B2Gold FY2024 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark decreased their FY2024 earnings per share (EPS) estimates for B2Gold in a research note issued on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $0.26 per share for the year, down from their prior forecast of $0.29. 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 $0.06 EPS and FY2026 earnings at $0.51 EPS.

Several other analysts have also recently weighed in on BTO. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. BMO Capital Markets dropped their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Canaccord Genuity Group reduced their price objective on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Stifel Nicolaus increased their target price on B2Gold from C$6.00 to C$6.50 in a report on Monday, October 21st. Finally, Scotiabank cut B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$5.66.

B2Gold Stock Down 1.8 %

BTO opened at C$3.85 on Wednesday. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$4.84. The firm has a market cap of C$5.04 billion, a price-to-earnings ratio of -22.47, a PEG ratio of -0.27 and a beta of 1.23. The firm’s 50-day simple moving average is C$4.29 and its 200-day simple moving average is C$3.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

Insiders Place Their Bets

In other news, Senior Officer Randall Chatwin sold 10,000 shares of B2Gold stock in a transaction that occurred on 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 related news, Director Clive Thomas Johnson acquired 70,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was acquired at an average price of C$4.29 per share, for a total transaction of C$300,300.00. Also, Senior Officer Randall Chatwin sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$4.53, for a total value of C$45,300.00. In the last three months, insiders sold 87,449 shares of company stock valued at $384,111. 0.66% of the stock is currently owned by insiders.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a $0.054 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.22 dividend on an annualized basis and a yield of 5.61%. B2Gold’s payout ratio is -129.41%.

About B2Gold

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.