B2Gold Corp. (TSE:BTO) Forecasted to Post Q1 2024 Earnings of $0.06 Per Share

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of B2Gold in a research note issued on Thursday, April 18th. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.06 for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.31 per share.

Several other brokerages also recently weighed in on BTO. Eight Capital reduced their price target on B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a report on Monday. Canaccord Genuity Group increased their price target on B2Gold from C$7.25 to C$7.50 in a report on Tuesday. BMO Capital Markets reduced their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. CIBC reduced their price target on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Finally, Stifel Nicolaus reduced their price objective on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, B2Gold presently has a consensus rating of “Buy” and an average price target of C$6.10.

B2Gold Trading Up 1.4 %

Shares of TSE BTO opened at C$3.50 on Monday. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. The business’s 50 day moving average price is C$3.54 and its 200-day moving average price is C$3.94. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$5.74. The company has a market cap of C$4.55 billion, a price-to-earnings ratio of 350.00, a PEG ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last issued 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). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The business had revenue of C$697.07 million during the quarter.

Insiders Place Their Bets

In other news, Senior Officer Neil Reeder sold 15,279 shares of B2Gold stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. In other news, Senior Officer Neil Reeder sold 15,279 shares of B2Gold stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Also, Director Clive Thomas Johnson sold 91,552 shares of B2Gold 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$343,320.00. Insiders have sold 205,857 shares of company stock worth $789,779 in the last ninety days. 0.83% of the stock is owned by company insiders.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.054 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.22 annualized dividend and a yield of 6.17%. B2Gold’s payout ratio is currently 2,200.00%.

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.