National Bank Financial Weighs in on B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG) – National Bank Financial reduced their FY2024 EPS estimates for B2Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.22 per share for the year, down from their previous estimate of $0.30. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.34 EPS.

Other equities research analysts have also recently issued reports about the stock. Scotiabank cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. Finally, StockNews.com downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Up 0.6 %

Shares of BTG stock opened at $2.70 on Friday. The stock has a market capitalization of $3.54 billion, a PE ratio of -4.89, a P/E/G ratio of 2.32 and a beta of 1.13. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The firm has a fifty day moving average price of $3.16.

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 the consensus estimate of $0.05 by ($0.03). The firm had revenue of $448.23 million during the quarter, compared to analysts’ expectations of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share.

Institutional Investors Weigh In On B2Gold

Several hedge funds have recently made changes to their positions in the business. E&G Advisors LP acquired a new position in B2Gold in the third quarter valued at $31,000. Private Advisor Group LLC purchased a new stake in B2Gold in the 3rd quarter valued at about $33,000. Flow Traders U.S. LLC acquired a new position in shares of B2Gold during the 3rd quarter valued at about $35,000. Moors & Cabot Inc. lifted its holdings in shares of B2Gold by 35.0% during the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after acquiring an additional 3,500 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after acquiring 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 declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s dividend payout ratio 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.