Brokers Issue Forecasts for B2Gold’s Q3 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities researchers at Stifel Canada issued their Q3 2024 EPS estimates for B2Gold in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will earn $0.07 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for B2Gold’s FY2025 earnings at $0.84 EPS.

A number of other equities analysts have also recently commented on the stock. CIBC set a C$3.30 price objective on shares of B2Gold and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Canaccord Genuity Group lowered their target price on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. BMO Capital Markets decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$5.93.

B2Gold Stock Performance

BTO opened at C$4.74 on Wednesday. The stock has a market capitalization of C$6.21 billion, a price-to-earnings ratio of -27.88, a PEG ratio of -0.27 and a beta of 1.23. The company has a fifty day moving average of C$4.11 and a 200 day moving average of C$3.89. 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 (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The firm had revenue of C$673.95 million during the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 23rd were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Tuesday, September 10th. B2Gold’s dividend payout ratio is currently -129.41%.

Insider Activity at B2Gold

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the 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 other news, Senior Officer Ninette Krohnert sold 16,175 shares of the business’s stock in a transaction that occurred 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 business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Over the last quarter, insiders sold 87,449 shares of company stock valued at $384,111. 0.66% of the stock is owned by company insiders.

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.