B2Gold Corp. (TSE:BTO) Forecasted to Earn Q1 2024 Earnings of $0.05 Per Share

B2Gold Corp. (TSE:BTO - Free Report) NYSE: BTG - Cormark boosted their Q1 2024 EPS estimates for B2Gold in a report released on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their prior forecast of $0.04. The consensus estimate for B2Gold's current full-year earnings is $0.31 per share.

BTO has been the topic of several other research reports. Scotiabank reduced their target price on shares of B2Gold from C$6.50 to C$5.50 and set an "outperform" rating on the stock in a research note on Monday, March 18th. Stifel Nicolaus cut their target price on B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. Canaccord Genuity Group raised their target price on B2Gold from C$7.25 to C$7.50 in a report on Tuesday. BMO Capital Markets cut their price target on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 19th. Finally, CIBC reduced their price objective on shares of B2Gold from C$3.60 to C$3.40 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$6.10.

B2Gold Trading Down 0.9 %

TSE:BTO traded down C$0.03 on Wednesday, hitting C$3.47. 2,568,744 shares of the stock were exchanged, compared to its average volume of 3,716,283. The company has a debt-to-equity ratio of 4.91, a quick ratio of 3.33 and a current ratio of 2.27. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$5.74. The stock has a market capitalization of C$4.51 billion, a price-to-earnings ratio of 350.00, a P/E/G ratio of -0.27 and a beta of 1.13. The company's 50-day moving average price is C$3.54 and its 200 day moving average price is C$3.94.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last released its earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The firm had revenue of C$697.07 million during the quarter.

Insider Activity

In related news, Senior Officer Eduard Bartz sold 12,510 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. Also, Senior Officer Eduard Bartz sold 12,510 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. Insiders sold 205,857 shares of company stock worth $789,779 over the last quarter. 0.83% of the stock is currently owned by company insiders.

B2Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date was Wednesday, March 6th. B2Gold's payout ratio is currently 2,200.00%.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.