B2Gold Corp. (NYSE:BTG - Free Report) - Investment analysts at Cormark decreased their FY2025 earnings estimates for B2Gold in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.36 for the year, down from their prior 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.
B2Gold (NYSE:BTG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The business had revenue of $448.23 million during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.05 earnings per share.
A number of other equities research analysts also recently weighed in on BTG. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Cibc World Mkts lowered shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. CIBC lifted their price objective on B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Finally, Scotiabank lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.12.
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B2Gold Price Performance
BTG stock traded up $0.01 on Thursday, reaching $2.70. 15,303,037 shares of the company were exchanged, compared to its average volume of 12,644,605. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $3.16. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -4.89, a PEG ratio of 2.32 and a beta of 1.13.
Institutional Investors Weigh In On B2Gold
A number of hedge funds have recently added to or reduced their stakes in BTG. Flow Traders U.S. LLC bought a new stake in B2Gold in the 3rd quarter worth about $35,000. Walleye Capital LLC purchased a new position in B2Gold during the 3rd quarter valued at about $2,008,000. BNP Paribas Financial Markets boosted its stake in B2Gold by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company's stock valued at $294,000 after buying an additional 36,555 shares during the period. FMR LLC lifted its position in B2Gold by 0.7% during the third quarter. FMR LLC now owns 59,489,129 shares of the company's stock valued at $183,862,000 after purchasing an additional 438,399 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of B2Gold by 3.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,701,328 shares of the company's stock worth $23,819,000 after purchasing an additional 251,045 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.
B2Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold's dividend payout ratio (DPR) is presently -28.57%.
About B2Gold
(
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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.
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