Cormark Comments on B2Gold Corp.’s FY2023 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTOGet Rating) (NYSE:BTG) – Cormark cut their FY2023 earnings per share (EPS) estimates for shares of B2Gold in a report issued on Thursday, May 5th. Cormark analyst R. Gray now expects that the company will post earnings of $0.50 per share for the year, down from their previous estimate of $0.53. Cormark has a “Buy” rating and a $7.00 price target on the stock.

BTO has been the topic of several other research reports. Haywood Securities cut their price target on B2Gold from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Thursday, January 20th. TD Securities dropped their target price on B2Gold from C$9.50 to C$9.00 in a report on Wednesday, January 26th. Canaccord Genuity Group boosted their target price on B2Gold from C$8.00 to C$9.00 in a report on Friday, April 22nd. Raymond James reissued an “outperform” rating and issued a C$6.50 target price on shares of B2Gold in a report on Tuesday, January 11th. Finally, BMO Capital Markets reissued a “buy” rating and issued a C$7.00 target price on shares of B2Gold in a report on Thursday, February 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$7.64.

BTO opened at C$5.56 on Monday. The firm has a market cap of C$5.88 billion and a price-to-earnings ratio of 10.94. B2Gold has a 52 week low of C$4.21 and a 52 week high of C$6.47. The business’s 50 day moving average is C$5.71 and its two-hundred day moving average is C$5.24. The company has a quick ratio of 3.19, a current ratio of 4.53 and a debt-to-equity ratio of 2.54.

B2Gold (TSE:BTOGet Rating) (NYSE:BTG) last released its quarterly earnings results on Tuesday, February 22nd. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.02). The business had revenue of C$663.29 million during the quarter, compared to the consensus estimate of C$657.84 million.

In other news, Senior Officer Roger Richer bought 58,979 shares of the firm’s stock in a transaction on Thursday, March 31st. The shares were bought at an average cost of C$5.78 per share, for a total transaction of C$340,898.62. Following the completion of the transaction, the insider now owns 408,981 shares in the company, valued at C$2,363,910.18. Also, Director Clive Thomas Johnson sold 196,598 shares of the business’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of C$5.79, for a total value of C$1,138,302.42. Following the sale, 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.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Investors of record on Thursday, March 17th were paid 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 2.88%. B2Gold’s dividend payout ratio (DPR) is presently 31.50%.

About B2Gold (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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Earnings History and Estimates for B2Gold (TSE:BTO)

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