Scotiabank Weighs in on B2Gold’s FY2027 Earnings (TSE:BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Scotiabank decreased their FY2027 earnings estimates for B2Gold in a report issued on Tuesday, October 13th. Scotiabank analyst O. Habib now forecasts that the company will post earnings of $0.80 per share for the year, down from their previous estimate of $0.82. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.56 per share.

A number of other research analysts also recently commented on the stock. 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. National Bank Financial reduced their price objective on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. TD upgraded B2Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from C$6.00 to C$8.50 in a research report 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 objective on the stock in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$9.33.

B2Gold Stock Performance

Shares of TSE:BTO opened at C$7.09 on Thursday. The firm has a fifty day simple moving average of C$7.43 and a two-hundred day simple moving average of C$6.56. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The stock has a market capitalization of C$9.37 billion, a P/E ratio of 12.66, a PEG ratio of -0.27 and a beta of 1.86. B2Gold has a 52 week low of C$5.02 and a 52 week high of C$8.60.

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

B2Gold Dividend Announcement

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

Insiders Place Their Bets

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

B2Gold Company Profile

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.