National Bank Financial Expects Stronger Earnings for B2Gold

B2Gold Corp. (NYSE:BTG) – Equities research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.30 per share for the year, up from their previous 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.

Several other research firms also recently commented on BTG. Jefferies Financial Group increased 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research report on Tuesday, September 17th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, B2Gold has a consensus rating of “Hold” and a consensus target price of $4.12.

B2Gold Trading Down 2.0 %

B2Gold stock opened at $3.36 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. The company has a market capitalization of $4.39 billion, a P/E ratio of -112.00, a PEG ratio of 1.70 and a beta of 1.15. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The company has a 50-day moving average price of $3.07.

B2Gold (NYSE:BTG) last posted its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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%.

B2Gold Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.76%. B2Gold’s dividend payout ratio (DPR) is -533.33%.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently made changes to their positions in BTG. SG Americas Securities LLC grew its stake in B2Gold by 21.9% during the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock worth $498,000 after purchasing an additional 33,113 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in B2Gold during the second quarter worth approximately $42,000. Equinox Partners Investment Management LLC grew its stake in B2Gold by 31.6% during the second 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 period. Continuum Advisory LLC acquired a new stake in B2Gold during the second quarter worth approximately $40,000. Finally, KG&L Capital Management LLC grew its stake in 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 period. 61.40% of the stock is currently owned by institutional investors.

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.