Cormark Has Positive Estimate for B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG) – Investment analysts at Cormark upped their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a report issued on Wednesday, January 15th. Cormark analyst R. Gray now expects that the company will post earnings of $0.20 per share for the year, up from their prior estimate of $0.19. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share. Cormark also issued estimates for B2Gold’s Q4 2024 earnings at $0.05 EPS and FY2025 earnings at $0.43 EPS.

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

BTG has been the topic of several other reports. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. CIBC decreased their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group increased 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. Finally, Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.02.

B2Gold Trading Up 0.4 %

Shares of NYSE:BTG opened at $2.39 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -4.27, a PEG ratio of 0.26 and a beta of 1.09. B2Gold has a 1-year low of $2.32 and a 1-year high of $3.50. The company has a 50 day moving average price of $2.64 and a 200 day moving average price of $2.88.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. E&G Advisors LP bought a new position in B2Gold during the 3rd quarter worth about $31,000. Private Advisor Group LLC bought a new position in shares of B2Gold in the third quarter valued at $33,000. Flow Traders U.S. LLC acquired a new position in B2Gold during the third quarter worth $35,000. HighTower Advisors LLC acquired a new stake in B2Gold in the third quarter valued at $36,000. Finally, Blue Trust Inc. lifted its stake in B2Gold by 72.1% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 6.69%. B2Gold’s dividend payout ratio is currently -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.