B2Gold Corp. (TSE:BTO – Get Rating) (NYSE:BTG) – Equities researchers at Cormark raised their Q2 2022 earnings estimates for B2Gold in a research note issued on Thursday, May 5th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.08 for the quarter, up from their prior forecast of $0.06. Cormark currently has a “Buy” rating and a $7.00 price target on the stock. Cormark also issued estimates for B2Gold’s Q3 2022 earnings at $0.17 EPS, Q4 2022 earnings at $0.17 EPS and FY2022 earnings at $0.46 EPS.
A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of B2Gold from C$8.00 to C$9.00 in a research note on Friday, April 22nd. Scotiabank lifted their target price on shares of B2Gold from C$8.00 to C$8.25 in a research note on Tuesday, April 19th. Haywood Securities decreased their price target on shares of B2Gold from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Thursday, January 20th. National Bankshares boosted their price target on shares of B2Gold from C$7.75 to C$8.50 in a research note on Wednesday, April 20th. Finally, TD Securities decreased their price target on shares of B2Gold from C$9.50 to C$9.00 in a research note on Wednesday, January 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$7.64.
B2Gold (TSE:BTO – Get Rating) (NYSE:BTG) last released its earnings results on Tuesday, February 22nd. The company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.02). The company had revenue of C$663.29 million for the quarter, compared to the consensus estimate of C$657.84 million.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Stockholders of record on Thursday, March 17th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.87%. B2Gold’s dividend payout ratio (DPR) is presently 31.50%.
In related news, Senior Officer Dale Alton Craig sold 100,000 shares of the company’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of C$6.03, for a total transaction of C$603,000.00. Following the transaction, the insider now directly owns 206,247 shares in the company, valued at approximately C$1,243,669.41. Also, Director Clive Thomas Johnson sold 196,598 shares of the company’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of C$5.79, for a total transaction of C$1,138,302.42. Following the transaction, the director now owns 3,632,602 shares in the company, valued at C$21,032,765.58. Over the last 90 days, insiders sold 493,660 shares of company stock worth $2,865,624.
B2Gold Company Profile (Get Rating)
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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