Scotiabank Issues Pessimistic Estimate for B2Gold Earnings

Key Points

• Scotiabank cut its FY2027 EPS estimate for B2Gold to $1.42 from $1.45, while the consensus full‑year estimate is $0.56 per share.
• B2Gold shares fell about 8.6% to open at C$6.20 after analyst moves (National Bank Financial trimmed its target to C$10.00); the stock carries a consensus price target of C$8.92 and a "Moderate Buy" rating.
• Insiders sold 583,159 shares worth roughly $4.82 million in the past three months (insider ownership 0.66%), and the company pays a small quarterly dividend of C$0.02 (annualized C$0.08, yield ~1.3%).

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Equities research analysts at Scotiabank reduced their FY2027 earnings estimates for B2Gold in a research note issued on Thursday, April 23rd. Scotiabank analyst O. Habib now expects that the company will earn $1.42 per share for the year, down from their previous estimate of $1.45. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

Separately, National Bank Financial cut their target price on shares of B2Gold from C$10.25 to C$10.00 and set an "outperform" rating on the stock in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.92.

B2Gold Trading Down 8.6%

BTO stock opened at C$6.20 on Tuesday. The company has a market cap of C$8.29 billion, a price-to-earnings ratio of 22.14, a PEG ratio of -0.27 and a beta of 1.60. The company has a quick ratio of 3.33, a current ratio of 1.06 and a debt-to-equity ratio of 17.54. The business has a fifty day simple moving average of C$6.83 and a 200-day simple moving average of C$6.65. B2Gold has a 52 week low of C$4.00 and a 52 week high of C$8.60.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business had revenue of C$1.41 billion for the quarter. B2Gold had a net margin of 13.18% and a return on equity of 12.15%.

Insider Activity

In other news, insider William Lytle sold 272,373 shares of the business's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the completion of the sale, the insider owned 38,975 shares of the company's stock, valued at approximately C$324,272. The trade was a 87.48% decrease in their position. Also, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the completion of the transaction, the insider directly owned 6,199 shares of the company's stock, valued at C$44,942.75. This trade represents a 76.34% decrease in their ownership of the stock. Insiders sold a total of 583,159 shares of company stock valued at $4,821,759 in the last three months. Insiders own 0.66% of the company's stock.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. B2Gold's payout ratio is presently 28.57%.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.

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