Cormark Comments on B2Gold's FY2024 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG - Free Report) - Analysts at Cormark raised their FY2024 EPS estimates for shares of B2Gold in a research note issued to investors on Wednesday, January 15th. Cormark analyst R. Gray now anticipates that the company will earn $0.20 per share for the year, up from their prior forecast of $0.19. The consensus estimate for B2Gold's current full-year earnings is $0.23 per share. Cormark also issued estimates for B2Gold's Q4 2024 earnings at $0.05 EPS and FY2025 earnings at $0.43 EPS.

B2Gold (NYSE:BTG - Get Free Report) last issued 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 negative net margin of 38.42% and a positive return on equity of 7.53%. The business had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same quarter last year, the business earned $0.05 EPS. B2Gold's revenue for the quarter was down 6.2% compared to the same quarter last year.

Several other research analysts have also weighed in on BTG. StockNews.com lowered shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Bank of America cut B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. Cibc World Mkts lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Finally, CIBC lowered their price target on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, B2Gold presently has a consensus rating of "Hold" and an average target price of $4.02.

B2Gold Stock Up 0.4 %

Shares of BTG stock traded up $0.01 during mid-day trading on Monday, reaching $2.39. 16,133,444 shares of the company were exchanged, compared to its average volume of 11,217,757. The company has a market capitalization of $3.14 billion, a P/E ratio of -4.27, a P/E/G ratio of 0.26 and a beta of 1.09. The business's 50 day simple moving average is $2.64 and its 200 day simple moving average is $2.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a fifty-two week low of $2.32 and a fifty-two week high of $3.50.

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 issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Monday, December 2nd. B2Gold's dividend payout ratio (DPR) is presently -28.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BTG. Van ECK Associates Corp grew its position in B2Gold by 40.6% in the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company's stock worth $566,312,000 after purchasing an additional 47,967,010 shares during the last quarter. Two Sigma Advisers LP grew its holdings in B2Gold by 66.9% in the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after buying an additional 7,165,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in B2Gold by 69.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock valued at $35,837,000 after acquiring an additional 4,754,500 shares during the period. The Manufacturers Life Insurance Company increased its position in B2Gold by 80.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company's stock valued at $19,957,000 after acquiring an additional 3,311,970 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in B2Gold during the 3rd quarter valued at $5,113,000. 61.40% of the stock is currently owned by institutional investors.

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.