What is Stifel Canada's Forecast for B2Gold FY2024 Earnings?

B2Gold Corp. (NYSE:BTG - Free Report) - Equities researchers at Stifel Canada cut their FY2024 earnings estimates for shares of B2Gold in a research report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the company will earn $0.20 per share for the year, down from their prior estimate of $0.22. The consensus estimate for B2Gold's current full-year earnings is $0.21 per share. Stifel Canada also issued estimates for B2Gold's Q4 2024 earnings at $0.06 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.45 EPS.

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

Several other brokerages also recently weighed in on BTG. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. CIBC dropped their target price on B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, TD Securities downgraded B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $4.02.

B2Gold Stock Up 1.6 %

NYSE:BTG traded up $0.04 during trading hours on Thursday, hitting $2.53. The stock had a trading volume of 32,994,623 shares, compared to its average volume of 28,472,540. The company has a market cap of $3.33 billion, a PE ratio of -4.52, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The business has a 50 day simple moving average of $2.52 and a two-hundred day simple moving average of $2.83. B2Gold has a 1-year low of $2.20 and a 1-year high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently added to or reduced their stakes in BTG. Moors & Cabot Inc. lifted its position in shares of B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock worth $42,000 after buying an additional 3,500 shares during the last quarter. Creative Planning grew its position in shares of B2Gold by 6.2% during the third quarter. Creative Planning now owns 82,324 shares of the company's stock worth $254,000 after acquiring an additional 4,810 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of B2Gold by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock worth $82,000 after acquiring an additional 5,257 shares during the period. HighTower Advisors LLC lifted its position in B2Gold by 45.4% in the 4th quarter. HighTower Advisors LLC now owns 16,933 shares of the company's stock valued at $41,000 after purchasing an additional 5,288 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in 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 purchasing an additional 5,764 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

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.