Cormark Comments on B2Gold's FY2025 Earnings (TSE:BTO)

Key Points

• Cormark has increased its FY2025 earnings per share (EPS) estimate for B2Gold to $0.79 from $0.78, maintaining a "Moderate Buy" rating on the stock.
• B2Gold has received multiple rating upgrades from various firms, with a recent boost from Scotiabank from "hold" to "strong-buy" and price target increases by Stifel Nicolaus.
• The company announced a quarterly dividend of $0.02 per share, reflecting an annualized yield of 1.7%, despite a current payout ratio of -25.32%.

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Equities researchers at Cormark upped their FY2025 earnings per share (EPS) estimates for shares of B2Gold in a research report issued to clients and investors on Friday, August 1st. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.79 per share for the year, up from their previous forecast of $0.78. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

A number of other research firms have also recently commented on BTO. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Stifel Nicolaus boosted their price target on B2Gold from C$6.50 to C$7.50 in a report on Monday, April 21st. Finally, Raymond James Financial raised B2Gold to a "moderate buy" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$6.11.

B2Gold Price Performance

B2Gold stock opened at C$4.74 on Monday. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$5.21. The stock has a market capitalization of C$4.38 billion, a P/E ratio of -5.46, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The stock has a fifty day moving average of C$4.86 and a 200-day moving average of C$4.33.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 1.7%. B2Gold's payout ratio is currently -25.32%.

Insiders Place Their Bets

In related news, Senior Officer Randall Chatwin sold 8,200 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$4.97, for a total transaction of C$40,754.00. In the last 90 days, insiders sold 108,216 shares of company stock worth $505,820. Insiders own 0.66% 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.

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