FY2024 Earnings Forecast for B2Gold Issued By Raymond James

B2Gold Corp. (NYSE:BTG) – Research analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.21 for the year, down from their prior forecast of $0.26. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share.

Several other research analysts have also commented on BTG. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. CIBC decreased their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group lifted their target price on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Price Performance

Shares of NYSE BTG opened at $2.38 on Thursday. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The business has a 50 day moving average price of $2.65 and a two-hundred day moving average price of $2.88. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.13 billion, a PE ratio of -4.25, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09.

B2Gold (NYSE:BTG) last issued 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 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 business earned $0.05 EPS. B2Gold’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Institutional Trading of B2Gold

Several hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in shares of B2Gold by 40.6% in the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after purchasing an additional 47,967,010 shares during the last quarter. FMR LLC raised its stake in B2Gold by 0.7% during the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after acquiring an additional 438,399 shares in the last quarter. Two Sigma Advisers LP raised its stake in B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock valued at $55,058,000 after acquiring an additional 7,165,600 shares in the last quarter. Bank of Montreal Can raised its stake in B2Gold by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after acquiring an additional 282,070 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after acquiring an additional 3,474,553 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is -28.57%.

About B2Gold

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.