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 research analysts at Cormark upped their FY2025 earnings per share (EPS) estimates for shares of B2Gold in a report issued on Friday, August 1st. Cormark analyst R. Gray now forecasts that the company will earn $0.79 per share for the year, up from their prior 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.

Several other brokerages have also weighed in on BTO. Raymond James Financial raised B2Gold to a "moderate buy" rating in a research report on Monday, June 30th. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Stifel Nicolaus increased their target price on B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, B2Gold has an average rating of "Moderate Buy" and an average price target of C$6.11.

B2Gold Stock Performance

BTO traded up C$0.05 during trading hours on Monday, hitting C$5.24. 1,978,144 shares of the stock were exchanged, compared to its average volume of 3,484,775. The stock has a 50-day simple moving average of C$4.88 and a 200-day simple moving average of C$4.36. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$5.26. The stock has a market cap of C$4.84 billion, a price-to-earnings ratio of -6.03, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

Insider Buying and Selling

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 value of C$40,754.00. Over the last quarter, insiders sold 108,216 shares of company stock valued at $505,820. 0.66% of the stock is owned by insiders.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 24th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.08 annualized dividend and a yield of 1.5%. B2Gold's payout ratio is currently -25.32%.

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.