Scotiabank Has Bearish Forecast for B2Gold FY2027 Earnings

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at 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 expects that the company will post earnings per share of $0.79 for the year, down from their prior forecast 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.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The business had revenue of C$1.12 billion during the quarter.

A number of other brokerages also recently weighed in on BTO. National Bank Financial cut their price target on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. 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 Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$6.50 to C$11.00 in a research note on Monday, August 10th. Finally, Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target for the company in a report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$9.95.

B2Gold Stock Up 3.6%

Shares of B2Gold stock opened at C$6.98 on Monday. The business has a fifty day simple moving average of C$7.44 and a 200 day simple moving average of C$6.70. The stock has a market cap of C$9.22 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of -0.27 and a beta of 1.86. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. B2Gold has a 12 month low of C$5.02 and a 12 month high of C$8.60.

Insider Transactions at B2Gold

In related news, insider William Lytle sold 177,190 shares of B2Gold stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of C$7.16, for a total value of C$1,268,680.40. Following the sale, the insider owned 41,285 shares of the company’s stock, valued at approximately C$295,600.60. This trade represents a 81.10% decrease in their position. Also, Director Jerry Korpan sold 200,000 shares of B2Gold stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the completion of the sale, the director directly owned 2,280,000 shares in the company, valued at approximately C$16,096,800. This represents a 8.06% decrease in their position. 0.66% of the stock is currently owned by company insiders.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 23rd were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.1%. B2Gold’s dividend payout ratio (DPR) is presently 14.29%.

About B2Gold

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.