Cormark Has Optimistic Outlook of B2Gold FY2025 Earnings

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Investment analysts at Cormark upped their FY2025 earnings per share estimates for B2Gold in a note issued to investors on Tuesday, July 15th. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.78 for the year, up from their prior forecast of $0.75. Cormark currently 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 recently weighed in on BTO. Raymond James Financial raised B2Gold to a "moderate buy" rating in a report on Monday, June 30th. BMO Capital Markets reduced their price objective on B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Stifel Nicolaus boosted their price objective on B2Gold from C$6.50 to C$7.50 in a research report on Monday, April 21st. Finally, Scotiabank upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$6.11.

B2Gold Stock Down 2.6%

BTO stock traded down C$0.12 during mid-day trading on Thursday, reaching C$4.57. The company had a trading volume of 2,868,917 shares, compared to its average volume of 3,534,918. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. B2Gold has a 52 week low of C$3.16 and a 52 week high of C$5.21. The stock has a 50 day simple moving average of C$4.77 and a two-hundred day simple moving average of C$4.26. The company has a market capitalization of C$4.22 billion, a price-to-earnings ratio of -5.26, a PEG ratio of -0.27 and a beta of 1.23.

Insider Activity at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin sold 100,000 shares of B2Gold stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of C$4.65, for a total transaction of C$465,000.00. Insiders sold a total of 108,216 shares of company stock valued at $505,820 in the last quarter. 0.66% of the stock is currently owned by insiders.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders 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 1.75%. B2Gold's payout ratio is -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.