Stifel Canada Comments on B2Gold’s FY2024 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the company will earn $0.29 per share for the year, down from their previous forecast of $0.31. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for B2Gold’s Q4 2024 earnings at $0.09 EPS and FY2025 earnings at $0.68 EPS.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same period in the prior year, the company earned $0.07 EPS.

A number of other brokerages also recently issued reports on BTO. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. BMO Capital Markets reduced their target price on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus increased their target price on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$5.79.

B2Gold Stock Up 2.5 %

TSE BTO opened at C$3.65 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93. The company has a market capitalization of C$4.78 billion, a P/E ratio of -21.47, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a one year low of C$3.16 and a one year high of C$4.84. The stock has a 50 day moving average price of C$3.64 and a 200-day moving average price of C$3.95.

Insider Activity

In related news, Senior Officer Randall Chatwin acquired 10,153 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of C$3.51 per share, with a total value of C$35,637.03. Insiders own 0.66% of the company’s stock.

B2Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.054 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 5.92%. B2Gold’s dividend payout ratio is currently -129.41%.

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.