National Bank Financial Cuts Earnings Estimates for B2Gold

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – National Bank Financial cut their Q4 2024 earnings per share (EPS) estimates for shares of B2Gold in a research note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.10. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share.

Several other analysts have also recently weighed in on BTO. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. BMO Capital Markets decreased their price target on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Finally, Stifel Nicolaus upped their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$5.79.

B2Gold Price Performance

B2Gold stock opened at C$3.66 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The business has a 50 day simple moving average of C$3.61 and a 200 day simple moving average of C$3.93. B2Gold has a one year low of C$3.16 and a one year high of C$4.84. The company has a market capitalization of C$4.79 billion, a PE ratio of -21.53, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were issued a $0.054 dividend. This represents a $0.22 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is presently -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.