Research Analysts Issue Forecasts for B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG) – Analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of B2Gold in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.30 for the year, up from their prior forecast of $0.19. The consensus estimate for B2Gold’s current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for B2Gold’s FY2025 earnings at $0.64 EPS.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%.

BTG has been the topic of a number of other reports. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Jefferies Financial Group upped their price target on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, CIBC upped their target price on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Price Performance

NYSE BTG opened at $3.43 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -114.33, a P/E/G ratio of 1.70 and a beta of 1.15. The company has a 50-day moving average price of $3.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BTG. SG Americas Securities LLC raised its position in shares of B2Gold by 21.9% in the 2nd quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock valued at $498,000 after purchasing an additional 33,113 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in B2Gold during the 2nd quarter worth $42,000. Equinox Partners Investment Management LLC increased its position in shares of B2Gold by 31.6% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after purchasing an additional 1,450,000 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of B2Gold in the 2nd quarter valued at about $40,000. Finally, KG&L Capital Management LLC lifted its position in shares of B2Gold by 9.6% during the second quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock worth $560,000 after purchasing an additional 18,200 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

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.