B2Gold Corp. (TSE:BTO) Expected to Earn Q1 2024 Earnings of $0.05 Per Share

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark upped their Q1 2024 EPS estimates for shares of B2Gold in a report issued on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.04. The consensus estimate for B2Gold’s current full-year earnings is $0.31 per share.

A number of other analysts have also recently issued reports on the stock. National Bankshares cut their target price on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Eight Capital lowered their price target on shares of B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a research report on Monday. BMO Capital Markets lowered their price target on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Scotiabank lowered their price target on shares of B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Finally, Stifel Nicolaus lowered their price target on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of “Buy” and a consensus target price of C$6.10.

B2Gold Stock Performance

TSE BTO opened at C$3.47 on Wednesday. The firm has a 50-day moving average of C$3.54 and a 200-day moving average of C$3.94. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. The stock has a market cap of C$4.51 billion, a PE ratio of 347.00, a P/E/G ratio of -0.27 and a beta of 1.13. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$5.74.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The company had revenue of C$697.07 million for the quarter. B2Gold had a return on equity of 1.18% and a net margin of 0.52%.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were issued a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is presently 2,200.00%.

Insider Activity at B2Gold

In related news, Director Clive Thomas Johnson sold 91,552 shares of B2Gold stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. In other news, Director Clive Thomas Johnson sold 91,552 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Eduard Bartz sold 12,510 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. In the last three months, insiders have sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is owned by 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.