B2Gold Corp. (TSE:BTO) Expected to Earn Q1 2024 Earnings of $0.05 Per Share

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Cormark increased their Q1 2024 earnings per share estimates for B2Gold in a research note issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.04. The consensus estimate for B2Gold’s current full-year earnings is $0.31 per share.

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

A number of other analysts have also recently commented on BTO. CIBC cut their price objective on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Eight Capital cut their price objective on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank lowered their price target on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a research note on Monday, March 18th. BMO Capital Markets lowered their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Finally, Canaccord Genuity Group lifted their price target on B2Gold from C$7.25 to C$7.50 in a research note on Tuesday. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$6.10.

B2Gold Stock Down 0.9 %

B2Gold stock opened at C$3.47 on Wednesday. The stock has a market capitalization of C$4.51 billion, a PE ratio of 347.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$5.74. The business has a 50 day simple moving average of C$3.54 and a 200-day simple moving average of C$3.94. The company has a debt-to-equity ratio of 4.91, a current ratio of 2.27 and a quick ratio of 3.33.

B2Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.054 per share. This represents a $0.22 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is currently 2,200.00%.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$57,296.25. In other 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. Also, Senior Officer Neil Reeder sold 15,279 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. Over the last 90 days, insiders have sold 205,857 shares of company stock valued at $789,779. Insiders own 0.83% of the company’s stock.

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.