Stifel Canada Comments on B2Gold’s FY2024 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Research analysts at Stifel Canada lowered their FY2024 earnings estimates for shares of B2Gold in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $0.29 per share for the year, down from their prior estimate of $0.31. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for B2Gold’s Q4 2024 earnings at $0.09 EPS and FY2025 earnings at $0.68 EPS.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.04). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. During the same quarter in the previous year, the company earned $0.07 EPS.

Other analysts have also recently issued research reports about the stock. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets dropped their price target on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus upped their price target on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$5.79.

B2Gold Stock Performance

Shares of BTO stock opened at C$3.65 on Thursday. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$4.84. The stock has a market cap of C$4.78 billion, a PE ratio of -21.47, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The company’s fifty day moving average price is C$3.64 and its 200-day moving average price is C$3.95.

B2Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were given a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio is currently -129.41%.

Insider Activity

In other news, Senior Officer Randall Chatwin bought 10,153 shares of B2Gold stock in a transaction that occurred on 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.

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.