National Bank Financial Forecasts Lower Earnings for B2Gold

B2Gold Corp. (NYSE:BTG) – Investment analysts at National Bank Financial cut their Q4 2024 EPS estimates for shares of B2Gold in a research report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.07. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share.

Several other analysts have also recently issued reports on BTG. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. CIBC lowered their target price on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.02.

B2Gold Stock Performance

Shares of BTG stock opened at $2.59 on Thursday. The stock has a market capitalization of $3.41 billion, a P/E ratio of -4.62, a PEG ratio of 0.28 and a beta of 1.10. 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 is $2.51 and its 200 day moving average is $2.82. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.50.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently made changes to their positions in the stock. Creative Planning grew its holdings in shares of B2Gold by 6.2% during the 3rd quarter. Creative Planning now owns 82,324 shares of the company’s stock valued at $254,000 after purchasing an additional 4,810 shares during the last quarter. Stableford Capital II LLC grew its holdings in shares of B2Gold by 115.4% during the 3rd quarter. Stableford Capital II LLC now owns 28,000 shares of the company’s stock valued at $90,000 after purchasing an additional 15,000 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of B2Gold by 26.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,615 shares of the company’s stock valued at $299,000 after purchasing an additional 20,356 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of B2Gold by 72.1% during 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. Finally, E&G Advisors LP bought a new position in shares of B2Gold during the 3rd quarter valued at $31,000. Institutional investors own 61.40% of the company’s stock.

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.