Scotiabank Analysts Decrease Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG) – Stock analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of B2Gold in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.26 per share for the year, down from their previous forecast of $0.27. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share.

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

A number of other research analysts also recently issued reports on the company. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. CIBC boosted their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research note on Tuesday, September 17th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Price Performance

BTG stock opened at $2.61 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $2.89. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -4.66, a PEG ratio of 0.53 and a beta of 1.09. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.50.

Hedge Funds Weigh In On B2Gold

Several large investors have recently made changes to their positions in the business. E&G Advisors LP purchased a new position in B2Gold during the third quarter valued at $31,000. Private Advisor Group LLC purchased a new position in shares of B2Gold in the 3rd quarter worth about $33,000. Flow Traders U.S. LLC bought a new position in B2Gold in the 3rd quarter worth about $35,000. HighTower Advisors LLC purchased a new stake in B2Gold during the 3rd quarter valued at about $36,000. Finally, Moors & Cabot Inc. raised its holdings in B2Gold by 35.0% in the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after buying an additional 3,500 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 6.13%. 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.