Cormark Brokers Cut Earnings Estimates for B2Gold Corp. (TSE:BTO)
B2Gold Corp. (TSE:BTO – Get Rating) (NYSE:BTG) – Analysts at Cormark decreased their Q2 2022 earnings per share (EPS) estimates for shares of B2Gold in a research report issued on Thursday, June 23rd. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.06. Cormark has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.52 per share. Cormark also issued estimates for B2Gold’s Q3 2022 earnings at $0.15 EPS and Q4 2022 earnings at $0.15 EPS.
BTO has been the topic of a number of other research reports. National Bankshares upped their target price on B2Gold from C$7.75 to C$8.50 in a research note on Wednesday, April 20th. Canaccord Genuity Group upped their target price on B2Gold from C$8.00 to C$9.00 in a research note on Friday, April 22nd. Finally, Scotiabank upped their target price on B2Gold from C$8.00 to C$8.25 in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$7.64.
B2Gold stock opened at C$4.65 on Friday. B2Gold has a fifty-two week low of C$4.21 and a fifty-two week high of C$6.39. The company has a debt-to-equity ratio of 2.41, a quick ratio of 3.55 and a current ratio of 5.17. The company has a market cap of C$4.91 billion and a PE ratio of 9.10. The business’s 50-day simple moving average is C$5.28 and its two-hundred day simple moving average is C$5.18.
B2Gold (TSE:BTO – Get Rating) (NYSE:BTG) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$463.09 million for the quarter, compared to analysts’ expectations of C$440.32 million.
In other B2Gold news, Director Clive Thomas Johnson sold 196,598 shares of the stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of C$5.79, for a total transaction of C$1,138,302.42. Following the transaction, the director now owns 3,632,602 shares in the company, valued at C$21,032,765.58. Also, Senior Officer John Alex Rajala sold 50,000 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of C$5.22, for a total value of C$261,000.00. Following the transaction, the insider now owns 129,542 shares in the company, valued at approximately C$676,209.24. Insiders have sold 592,270 shares of company stock worth $3,383,814 in the last quarter.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Monday, June 20th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 17th. This represents a $0.16 dividend on an annualized basis and a yield of 3.44%. B2Gold’s dividend payout ratio is currently 31.31%.
About B2Gold (Get Rating)
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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