Scotiabank Has Positive Opinion of B2Gold FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for B2Gold to $0.53 from $0.51 and maintained a “Strong-Buy” rating, though the forecast remains below the $0.56 consensus estimate.
• Analyst sentiment has strengthened, with multiple firms upgrading B2Gold; the stock has a consensus “Buy” rating and a consensus target price of C$9.95.
• B2Gold shares opened at C$7.33, up 3.4%, while the company reported C$1.12 billion in quarterly revenue, paid a quarterly dividend of $0.02 per share, and disclosed insider share sales.

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for shares of B2Gold in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Habib now expects that the company will post earnings per share of $0.53 for the year, up from their previous forecast of $0.51. Scotiabank currently has a "Strong-Buy" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

Several other research analysts have also commented on BTO. TD Securities raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. ATB Cormark Capital Markets raised shares of B2Gold from a "hold" rating to a "moderate buy" rating and increased their target price for the company from C$6.50 to C$11.00 in a research note on Monday, August 10th. Scotia upgraded shares of B2Gold from a "sector perform" rating to a "sector outperform" rating and set a C$10.00 target price for the company in a report on Monday, August 10th. TD upgraded shares of B2Gold from a "hold" rating to a "buy" rating and raised their target price for the stock from C$6.00 to C$8.50 in a report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$9.95.

B2Gold Stock Up 3.4%

Shares of BTO opened at C$7.33 on Friday. The company has a market cap of C$9.68 billion, a PE ratio of 13.09, a P/E/G ratio of -0.27 and a beta of 1.86. The business has a fifty day moving average of C$7.46 and a 200 day moving average of C$6.57. B2Gold has a 52-week low of C$5.02 and a 52-week high of C$8.60. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a return on equity of 21.87% and a net margin of 21.20%. The firm had revenue of C$1.12 billion for the quarter.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, September 10th. B2Gold's payout ratio is 14.29%.

Insider Buying and Selling

In other news, insider William Lytle sold 177,190 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the sale, the insider directly owned 41,285 shares in the company, valued at approximately C$295,600.60. This represents a 81.10% decrease in their ownership of the stock. Also, Director Jerry Korpan sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the sale, the director directly owned 2,280,000 shares of the company's stock, valued at C$16,096,800. This represents a 8.06% decrease in their ownership of the stock. Corporate insiders own 0.66% of the company's stock.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

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