National Bank Financial Expects Lower Earnings for B2Gold

B2Gold Corp. (NYSE:BTG - Free Report) - National Bank Financial dropped their FY2024 earnings per share estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.22 for the year, down from their previous estimate of $0.30. The consensus estimate for B2Gold's current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for B2Gold's Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.34 EPS.

BTG has been the topic of several other research reports. Scotiabank lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. 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 report on Friday, October 4th. Cibc World Mkts downgraded B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. StockNews.com downgraded B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.12.

B2Gold Stock Down 0.9 %

BTG traded down $0.03 during trading on Friday, hitting $2.68. 10,602,996 shares of the stock were exchanged, compared to its average volume of 12,635,410. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -4.79, a P/E/G ratio of 2.27 and a beta of 1.13. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The company's fifty day simple moving average is $3.16. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

B2Gold (NYSE:BTG - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $449.28 million. During the same period last year, the business posted $0.05 EPS. B2Gold's revenue was down 6.2% on a year-over-year basis.

Hedge Funds Weigh In On B2Gold

Several hedge funds and other institutional investors have recently bought and sold shares of BTG. Van ECK Associates Corp raised its holdings in B2Gold by 40.6% during the third 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 raised its holdings in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after purchasing an additional 7,165,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in B2Gold by 69.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock worth $35,837,000 after purchasing an additional 4,754,500 shares during the last quarter. American Century Companies Inc. raised its holdings in B2Gold by 39.4% during the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company's stock worth $33,053,000 after purchasing an additional 3,474,553 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in B2Gold by 80.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company's stock worth $19,957,000 after purchasing an additional 3,311,970 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be paid a $0.04 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.98%. B2Gold's dividend payout ratio (DPR) is presently -28.57%.

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.