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

Key Points

• Scotiabank lowered its FY2027 EPS estimate for B2Gold to $0.79 from $0.80 while maintaining a “Strong-Buy” rating; the broader full-year consensus is $0.56 per share.
• Analyst sentiment remains broadly positive, with three Strong Buy, four Buy and one Hold rating, producing an average “Buy” rating and a consensus price target of C$9.95.
• B2Gold shares opened at C$6.69, versus a 12-month range of C$5.02–C$8.60. The company most recently reported C$0.04 quarterly EPS, C$1.12 billion in revenue and a quarterly dividend equivalent to C$0.08 annually.

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Scotiabank dropped their FY2027 earnings per share estimates for B2Gold in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst O. Habib now anticipates that the company will post earnings of $0.79 per share for the year, down from their previous estimate of $0.80. Scotiabank 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 brokerages also recently weighed in on BTO. National Bank Financial lowered their target price on shares of B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. 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 research report on Monday, August 10th. 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 upgraded shares of B2Gold from a "hold" rating to a "buy" rating and raised their price objective for the company from C$6.00 to C$8.50 in a research report on Monday, August 10th. Finally, TD Securities raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$9.95.

B2Gold Stock Performance

Shares of B2Gold stock opened at C$6.69 on Monday. B2Gold has a 12-month low of C$5.02 and a 12-month high of C$8.60. The company has a market cap of C$8.84 billion, a price-to-earnings ratio of 11.95, a PEG ratio of -0.27 and a beta of 1.86. The company has a current ratio of 1.58, a quick ratio of 3.33 and a debt-to-equity ratio of 11.48. The company's 50-day moving average price is C$7.47 and its 200-day moving average price is C$6.61.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS 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. Stockholders of record on Wednesday, September 23rd were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.2%. B2Gold's dividend payout ratio is currently 14.29%.

Insider Transactions at B2Gold

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

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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