Raymond James Brokers Decrease Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG) – Stock analysts at Raymond James dropped their FY2025 earnings estimates for shares of B2Gold in a research note issued on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the company will earn $0.42 per share for the year, down from their prior forecast of $0.47. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $449.28 million. During the same period last year, the company earned $0.05 EPS. The business’s revenue was down 6.2% compared to the same quarter last year.

BTG has been the topic of a number of other reports. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday. Jefferies Financial Group lifted their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, CIBC decreased their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a report on Wednesday. One 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Trading Up 0.4 %

NYSE BTG opened at $2.39 on Friday. B2Gold has a 12 month low of $2.32 and a 12 month high of $3.50. The company’s 50-day moving average price is $2.64 and its 200-day moving average price is $2.88. The stock has a market cap of $3.14 billion, a PE ratio of -4.27, a PEG ratio of 0.26 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On B2Gold

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in B2Gold by 40.6% in the third 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 in the last quarter. FMR LLC grew its position in shares of B2Gold by 0.7% in the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock worth $183,862,000 after buying an additional 438,399 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of B2Gold by 66.9% during the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after acquiring an additional 7,165,600 shares in the last quarter. Bank of Montreal Can lifted its position in B2Gold by 2.2% during the second 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in B2Gold by 69.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after acquiring an additional 4,754,500 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s payout ratio 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.