National Bank Financial Cuts Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG - Free Report) - Research analysts at National Bank Financial cut their FY2025 earnings estimates for B2Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.31. The consensus estimate for B2Gold's current full-year earnings is $0.21 per share.

Other equities research analysts also recently issued reports about the stock. CIBC dropped their price target on shares of B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. TD Securities cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. StockNews.com cut shares of B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Bank of America cut shares of B2Gold from a "buy" rating to an "underperform" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $4.02.

B2Gold Price Performance

Shares of NYSE BTG traded down $0.05 during trading on Wednesday, reaching $2.54. The company had a trading volume of 25,145,078 shares, compared to its average volume of 28,472,540. B2Gold has a 52 week low of $2.20 and a 52 week high of $3.50. The stock has a market cap of $3.35 billion, a PE ratio of -4.54, a PEG ratio of 0.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The business's 50 day moving average price is $2.51 and its 200-day moving average price is $2.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Moors & Cabot Inc. lifted its stake in shares of B2Gold by 35.0% during 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 increased its holdings in B2Gold by 6.2% in the 3rd quarter. Creative Planning now owns 82,324 shares of the company's stock valued at $254,000 after buying an additional 4,810 shares during the period. Concurrent Investment Advisors LLC increased its holdings in B2Gold by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock valued at $82,000 after buying an additional 5,257 shares during the period. HighTower Advisors LLC grew its holdings in shares of B2Gold by 45.4% during 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. grew 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 purchasing an additional 5,764 shares during the last quarter. Institutional investors 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.