FY2024 Earnings Estimate for B2Gold Issued By Raymond James

B2Gold Corp. (NYSE:BTG) – Equities researchers at Raymond James decreased their FY2024 earnings estimates for B2Gold in a research report issued to clients and investors on Tuesday, January 14th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.21 per share for the year, down from their previous forecast of $0.26. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The business had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share.

A number of other research analysts also recently issued reports on the stock. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. Jefferies Financial Group increased their price objective 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. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. CIBC dropped their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.02.

B2Gold Price Performance

B2Gold stock opened at $2.39 on Thursday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -4.27, a PEG ratio of 0.26 and a beta of 1.09. B2Gold has a 52-week low of $2.32 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The stock’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.88.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were issued a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.69%. B2Gold’s dividend payout ratio is presently -28.57%.

Hedge Funds Weigh In On B2Gold

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in B2Gold by 525.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 517,575 shares of the company’s stock worth $1,594,000 after purchasing an additional 434,775 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of B2Gold during the third quarter valued at approximately $50,000. Virtu Financial LLC grew its holdings in B2Gold by 26.8% during the third quarter. Virtu Financial LLC now owns 105,206 shares of the company’s stock worth $324,000 after buying an additional 22,232 shares in the last quarter. Old West Investment Management LLC purchased a new stake in B2Gold in the 3rd quarter valued at $670,000. Finally, Toronto Dominion Bank raised its position in B2Gold by 6.7% in the 3rd quarter. Toronto Dominion Bank now owns 530,740 shares of the company’s stock valued at $1,635,000 after buying an additional 33,194 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

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.