Scotiabank Weighs in on B2Gold's FY2027 Earnings (TSE:BTO)

Key Points

• Scotiabank lowered its FY2027 EPS estimate for B2Gold to $0.80 from $0.82, while maintaining a “Strong-Buy” rating. The estimate remains above the current full-year consensus of $0.56 per share.
• Analyst sentiment remains positive: B2Gold has an average “Buy” rating and a consensus price target of C$9.33, despite National Bank Financial reducing its target to C$9.75.
• B2Gold reported C$1.12 billion in quarterly revenue and C$0.04 EPS, while paying a quarterly dividend of $0.02 per share. Two insiders also sold significant holdings in August.

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Analysts at Scotiabank decreased their FY2027 earnings per share estimates for B2Gold in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Habib now expects that the company will post earnings of $0.80 per share for the year, down from their previous forecast of $0.82. 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.

A number of other research firms have also recently commented on BTO. National Bank Financial lowered their price target on B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. TD raised shares of B2Gold from a "hold" rating to a "buy" rating and increased their price objective for the company from C$6.00 to C$8.50 in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating and lifted their price objective for the company from C$6.50 to C$11.00 in a research report on Monday, August 10th. Finally, TD Securities upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, B2Gold has an average rating of "Buy" and a consensus target price of C$9.33.

B2Gold Stock Performance

TSE:BTO opened at C$7.09 on Thursday. The stock has a 50-day moving average price of C$7.43 and a 200 day moving average price of C$6.56. The stock has a market capitalization of C$9.37 billion, a P/E ratio of 12.66, a P/E/G ratio of -0.27 and a beta of 1.86. B2Gold has a 12-month low of C$5.02 and a 12-month high of C$8.60. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its quarterly earnings data 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 during the quarter.

Insider Activity

In other news, Director Jerry Korpan sold 200,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the completion of the transaction, the director owned 2,280,000 shares in the company, valued at C$16,096,800. This trade represents a 8.06% decrease in their ownership of the stock. Also, insider William Lytle sold 177,190 shares of B2Gold stock in a transaction dated 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 completion of the sale, the insider directly owned 41,285 shares in the company, valued at C$295,600.60. This trade represents a 81.10% decrease in their ownership of the stock. 0.66% of the stock is owned by corporate insiders.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 23rd were issued 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 of this dividend was Thursday, September 10th. B2Gold's dividend payout ratio is 14.29%.

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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