Scotiabank Has Bearish Outlook for B2Gold FY2025 Earnings

B2Gold Corp. (NYSE:BTG) – Equities researchers at Scotiabank lowered their FY2025 earnings per share estimates for B2Gold in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.26 per share for the year, down from their prior estimate of $0.27. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share.

Several other analysts have also recently issued reports on the company. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. CIBC increased their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Jefferies Financial Group raised their target price 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. Finally, Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, B2Gold currently has an average rating of “Hold” and an average price target of $4.12.

B2Gold Price Performance

Shares of NYSE:BTG opened at $2.61 on Thursday. The company has a market capitalization of $3.43 billion, a P/E ratio of -4.66, a P/E/G ratio of 0.53 and a beta of 1.09. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The firm’s 50 day simple moving average is $2.72 and its two-hundred day simple moving average is $2.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company 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 for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 6.13%. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

Institutional Investors Weigh In On B2Gold

Institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in B2Gold by 94.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 86,040 shares of the company’s stock valued at $232,000 after buying an additional 41,850 shares during the period. Headlands Technologies LLC raised its stake in shares of B2Gold by 32.8% in the second quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock valued at $92,000 after acquiring an additional 8,463 shares during the period. American Century Companies Inc. lifted its holdings in shares of B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of B2Gold during the 2nd quarter worth about $927,000. Finally, Rathbones Group PLC grew its holdings in B2Gold by 25.1% during the 2nd quarter. Rathbones Group PLC now owns 101,122 shares of the company’s stock valued at $272,000 after purchasing an additional 20,317 shares during the last quarter. 61.40% of the stock is 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.