Research Analysts Offer Predictions for B2Gold Corp.’s Q1 2024 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities research analysts at National Bank Financial issued their Q1 2024 EPS estimates for B2Gold in a report issued on Thursday, April 18th. National Bank Financial analyst D. Demarco forecasts that the company will post earnings of $0.06 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.31 per share.

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

BTO has been the topic of several other reports. National Bankshares decreased their target price on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Scotiabank lowered their price objective on shares of B2Gold from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research note on Monday, March 18th. CIBC dropped their target price on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Canaccord Genuity Group reduced their price target on B2Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, Eight Capital dropped their price objective on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a report on Monday. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, B2Gold has an average rating of “Buy” and an average target price of C$6.07.

B2Gold Stock Performance

Shares of BTO stock opened at C$3.45 on Monday. The company has a market capitalization of C$4.49 billion, a P/E ratio of 345.00, a PEG ratio of -0.27 and a beta of 1.13. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$5.74. 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 50 day moving average price of C$3.54 and a two-hundred day moving average price of C$3.95.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is currently 2,200.00%.

Insider Activity

In related news, Senior Officer Eduard Bartz sold 12,510 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total value of C$49,164.30. In other B2Gold news, Director Clive Thomas Johnson sold 86,475 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$339,846.75. Also, Senior Officer Eduard Bartz sold 12,510 shares of B2Gold stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. Insiders sold a total of 205,857 shares of company stock worth $789,779 in the last quarter. 0.83% of the stock is owned by company insiders.

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.