Cormark Equities Analysts Lift Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG) – Research analysts at Cormark raised their FY2024 earnings per share estimates for B2Gold in a research report issued on Wednesday, January 15th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.20 per share for the year, up from their previous estimate of $0.19. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share. Cormark also issued estimates for B2Gold’s Q4 2024 earnings at $0.05 EPS and FY2025 earnings at $0.43 EPS.

B2Gold (NYSE:BTG) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The business had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year.

BTG has been the subject of several other research reports. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Jefferies Financial Group boosted 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. CIBC decreased their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold” and an average price target of $4.02.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.39 on Monday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -4.27, a P/E/G ratio of 0.26 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. B2Gold has a twelve month low of $2.32 and a twelve month high of $3.50. The company’s fifty day moving average is $2.63 and its 200 day moving average is $2.88.

Hedge Funds Weigh In On B2Gold

A number of institutional investors and hedge funds have recently made changes to their positions in BTG. Commonwealth Equity Services LLC raised its stake in B2Gold by 94.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock worth $232,000 after buying an additional 41,850 shares during the period. XTX Topco Ltd increased its holdings in shares of B2Gold by 19.0% during the second quarter. XTX Topco Ltd now owns 191,010 shares of the company’s stock valued at $516,000 after acquiring an additional 30,539 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of B2Gold by 212.2% during the second quarter. Canada Pension Plan Investment Board now owns 1,166,200 shares of the company’s stock worth $3,128,000 after purchasing an additional 792,700 shares during the period. Sei Investments Co. lifted its holdings in shares of B2Gold by 31.3% in the 2nd quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares in the last quarter. Finally, Bank of Montreal Can grew its position in B2Gold by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock valued at $34,824,000 after purchasing an additional 282,070 shares during the period. Institutional investors own 61.40% of the company’s stock.

B2Gold Announces Dividend

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