B2Gold Corp. to Post Q2 2024 Earnings of $0.08 Per Share, Cormark Forecasts (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Cormark raised their Q2 2024 earnings estimates for B2Gold in a note issued to investors on Wednesday, July 24th. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.07. The consensus estimate for B2Gold’s current full-year earnings is $0.37 per share.

Several other brokerages also recently issued reports on BTO. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Eight Capital decreased their price target on shares of B2Gold from C$7.25 to C$7.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Scotiabank dropped their price objective on shares of B2Gold from C$5.50 to C$5.00 in a research report on Thursday, May 9th. Stifel Nicolaus reduced their price objective on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Finally, Canaccord Genuity Group lifted their target price on B2Gold from C$7.00 to C$7.25 in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.97.

B2Gold Price Performance

B2Gold stock opened at C$4.03 on Friday. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.76. The firm has a market cap of C$5.24 billion, a P/E ratio of -80.60, a P/E/G ratio of -0.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.33 and a current ratio of 2.99. The business’s fifty day moving average is C$3.81 and its two-hundred day moving average is C$3.69.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Tuesday, May 7th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.01. B2Gold had a negative return on equity of 0.33% and a negative net margin of 1.88%. The business had revenue of C$622.09 million for the quarter.

B2Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 24th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Tuesday, June 11th. This is an increase from B2Gold’s previous quarterly dividend of $0.05. B2Gold’s dividend payout ratio is currently -440.00%.

Insider Buying and Selling at B2Gold

In other news, Senior Officer Daniel Bruce Moore sold 150,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$3.88, for a total value of C$582,000.00. In other news, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Over the last quarter, insiders have sold 162,575 shares of company stock valued at $628,781. 0.62% of the stock is currently owned by company insiders.

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.