FY2024 EPS Estimates for B2Gold Corp. (NYSE:BTG) Lowered by Analyst

B2Gold Corp. (NYSE:BTG) – Research analysts at National Bank Financial lowered their FY2024 earnings per share estimates for B2Gold in a research note issued to investors on Wednesday, August 14th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.25 for the year, down from their previous estimate of $0.33. The consensus estimate for B2Gold’s current full-year earnings is $0.30 per share. National Bank Financial also issued estimates for B2Gold’s FY2026 earnings at $0.34 EPS.

BTG has been the topic of a number of other reports. Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. CIBC lifted their target price on shares of B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

B2Gold Stock Up 3.9 %

BTG opened at $2.69 on Monday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -89.67, a P/E/G ratio of 0.42 and a beta of 1.12. The firm’s fifty day moving average is $2.77. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.46. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Tuesday, September 10th. B2Gold’s dividend payout ratio is currently -533.33%.

Hedge Funds Weigh In On B2Gold

Hedge funds have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new position in shares of B2Gold in the 2nd quarter worth $40,000. Baader Bank Aktiengesellschaft acquired a new stake in B2Gold during the second quarter worth about $42,000. Concurrent Investment Advisors LLC purchased a new position in shares of B2Gold in the 2nd quarter worth about $57,000. Raymond James Trust N.A. lifted its stake in shares of B2Gold by 69.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after purchasing an additional 9,258 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of B2Gold by 31.3% during 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 during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.