Scotiabank Weighs in on B2Gold's FY2026 Earnings (TSE:BTO)

Key Points

• Scotiabank lowered its FY2026 EPS estimate for B2Gold (TSE:BTO) to $0.64 from $0.73, versus a current consensus full‑year estimate of $0.56 per share.
• Analyst sentiment is mixed: National Bank Financial trimmed its price target to C$10.00 (from C$10.25) while the consensus rating is a “Moderate Buy” with an average target of C$8.92; the stock trades around C$6.78 with a one‑year range of C$4.00–C$8.60 and a P/E of 24.21.
• Insiders have been net sellers—583,159 shares worth about $4.82M sold in the last 90 days (insider ownership 0.66%)—and B2Gold pays a quarterly dividend of C$0.02 (annualized C$0.08, yield ~1.2%).

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Investment analysts at Scotiabank lowered their FY2026 EPS estimates for shares of B2Gold in a research note issued on Thursday, April 23rd. Scotiabank analyst O. Habib now anticipates that the company will post earnings per share of $0.64 for the year, down from their previous forecast of $0.73. The consensus estimate for B2Gold's current full-year earnings is $0.56 per share.

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 for the quarter. B2Gold had a net margin of 13.18% and a return on equity of 12.15%. The company had revenue of C$1.41 billion during the quarter.

Separately, National Bank Financial decreased their price target on shares of B2Gold from C$10.25 to C$10.00 and set an "outperform" rating for the company in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$8.92.

B2Gold Stock Performance

TSE BTO opened at C$6.78 on Monday. B2Gold has a one year low of C$4.00 and a one year high of C$8.60. The company has a 50-day simple moving average of C$6.85 and a 200-day simple moving average of C$6.66. The company has a debt-to-equity ratio of 17.54, a quick ratio of 3.33 and a current ratio of 1.06. The firm has a market capitalization of C$9.07 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of -0.27 and a beta of 1.60.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 19th were given a $0.02 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.08 annualized dividend and a yield of 1.2%. B2Gold's dividend payout ratio is 28.57%.

Insider Buying and Selling

In other news, insider Randall Chatwin sold 20,000 shares of B2Gold stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the sale, the insider owned 6,199 shares of the company's stock, valued at approximately C$44,942.75. The trade was a 76.34% decrease in their ownership of the stock. Also, insider William Lytle sold 272,373 shares of B2Gold stock in a transaction that occurred on 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 sale, the insider directly owned 38,975 shares in the company, valued at approximately C$324,272. This trade represents a 87.48% decrease in their position. In the last ninety days, insiders have sold 583,159 shares of company stock worth $4,821,759. Corporate insiders own 0.66% of the company's stock.

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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