National Bank Financial Comments on B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG - Free Report) - Equities research analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of B2Gold in a report issued on Wednesday, January 29th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.17 per share for the year, down from their prior forecast of $0.22. The consensus estimate for B2Gold's current full-year earnings is $0.21 per share. National Bank Financial also issued estimates for B2Gold's FY2025 earnings at $0.31 EPS.

BTG has been the subject of several other research reports. CIBC lowered their price objective on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. Finally, TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, B2Gold currently has an average rating of "Hold" and an average price target of $4.02.

B2Gold Trading Up 3.3 %

Shares of NYSE:BTG traded up $0.08 on Friday, reaching $2.48. 25,842,949 shares of the company traded hands, compared to its average volume of 25,256,045. The stock has a market capitalization of $3.27 billion, a P/E ratio of -4.43, a price-to-earnings-growth ratio of 0.27 and a beta of 1.10. The business's 50-day simple moving average is $2.54 and its 200 day simple moving average is $2.84. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.50.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $449.28 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year.

Hedge Funds Weigh In On B2Gold

Institutional investors have recently bought and sold shares of the stock. E&G Advisors LP bought a new position in shares of B2Gold in the 3rd quarter worth approximately $31,000. Private Advisor Group LLC purchased a new stake in B2Gold in the third quarter worth $33,000. Flow Traders U.S. LLC bought a new position in B2Gold in the third quarter worth $35,000. HighTower Advisors LLC purchased a new position in B2Gold during the third quarter valued at $36,000. Finally, Blue Trust Inc. boosted its holdings in shares of B2Gold by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after buying an additional 5,764 shares in the last quarter. 61.40% of the stock is owned by institutional investors.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date was Monday, December 2nd. B2Gold's payout ratio is -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.