Research Analysts Issue Forecasts for B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG) – Analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of B2Gold in a research note issued on Wednesday, January 29th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.17 per share for the year, down from their prior estimate of $0.22. The consensus estimate for B2Gold’s current full-year earnings is $0.22 per share. National Bank Financial also issued estimates for B2Gold’s FY2025 earnings at $0.31 EPS.

Several other equities research analysts also recently commented on the stock. Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, CIBC decreased their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, B2Gold currently has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Price Performance

Shares of BTG stock opened at $2.42 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 stock’s fifty day simple moving average is $2.56 and its 200 day simple moving average is $2.85. B2Gold has a one year low of $2.20 and a one year high of $3.50. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -4.32, a P/E/G ratio of 0.26 and a beta of 1.09.

B2Gold (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $449.28 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Hedge Funds Weigh In On B2Gold

Large investors have recently made changes to their positions in the company. Sei Investments Co. raised its holdings in B2Gold by 31.3% during the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares during the last quarter. Point72 DIFC Ltd raised its stake 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 during the last quarter. SG Americas Securities LLC lifted its holdings in B2Gold by 24.8% in the third quarter. SG Americas Securities LLC now owns 230,149 shares of the company’s stock valued at $709,000 after buying an additional 45,776 shares during the period. Creative Planning boosted its stake in B2Gold by 6.2% in the third quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after acquiring an additional 4,810 shares during the last quarter. Finally, Stableford Capital II LLC grew its holdings in B2Gold by 115.4% during the 3rd quarter. Stableford Capital II LLC now owns 28,000 shares of the company’s stock worth $90,000 after acquiring an additional 15,000 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently -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.