Cormark Issues Pessimistic Estimate for B2Gold Earnings

B2Gold Corp. (NYSE:BTG) – Stock analysts at Cormark reduced their FY2025 earnings per share estimates for B2Gold in a report issued on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $0.36 per share for the year, down from their previous estimate of $0.38. Cormark has a “Hold” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share.

A number of other research firms have also weighed in on BTG. Jefferies Financial Group lifted their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. CIBC boosted their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a report on Tuesday, September 17th. Finally, StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Stock Up 0.6 %

BTG opened at $2.70 on Thursday. The stock has a 50-day simple moving average of $3.16. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The stock has a market capitalization of $3.54 billion, a P/E ratio of -4.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13.

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

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

Institutional Investors Weigh In On B2Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings 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 worth $498,000 after buying an additional 33,113 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in B2Gold in the second quarter valued at $42,000. Equinox Partners Investment Management LLC raised its position 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 valued at $16,185,000 after purchasing an additional 1,450,000 shares in the last quarter. Continuum Advisory LLC bought a new stake in B2Gold during the second quarter worth about $40,000. Finally, KG&L Capital Management LLC boosted its holdings in shares of B2Gold by 9.6% in the 2nd 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 in the last quarter. 61.40% of the stock is owned by hedge funds and other 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.