National Bank Financial Predicts B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG) – Investment analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of B2Gold in a research report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.22 for the year, down from their previous estimate of $0.30. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.34 EPS.

BTG has been the topic of a number of other research reports. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research report on Tuesday, September 17th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, B2Gold currently has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Price Performance

BTG opened at $2.68 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a fifty day moving average price of $3.16. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50. The company has a market cap of $3.51 billion, a P/E ratio of -4.78, a PEG ratio of 2.27 and a beta of 1.13.

B2Gold (NYSE:BTG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently added to or reduced their stakes in BTG. Point72 DIFC Ltd increased its holdings in shares of B2Gold by 16.6% during the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after buying an additional 3,053 shares in the last quarter. Moors & Cabot Inc. grew its position in B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after acquiring an additional 3,500 shares during the last quarter. Creative Planning increased its holdings in B2Gold by 6.2% in the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after purchasing an additional 4,810 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in B2Gold by 24.7% in the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock valued at $82,000 after purchasing an additional 5,257 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after purchasing an additional 5,764 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 5.98%. The ex-dividend date is Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

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.