B2Gold Corp. (NYSE:BTG) Expected to Earn Q2 2024 Earnings of $0.07 Per Share

B2Gold Corp. (NYSE:BTG - Free Report) - Equities researchers at Stifel Canada issued their Q2 2024 EPS estimates for B2Gold in a research note issued to investors on Thursday, July 18th. Stifel Canada analyst I. Rico forecasts that the company will post earnings per share of $0.07 for the quarter. The consensus estimate for B2Gold's current full-year earnings is $0.29 per share. Stifel Canada also issued estimates for B2Gold's FY2024 earnings at $0.29 EPS and FY2025 earnings at $0.53 EPS.

B2Gold (NYSE:BTG - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The company had revenue of $461.44 million for the quarter.

Several other analysts have also issued reports on the stock. Jefferies Financial Group increased their price target on shares of B2Gold from $3.50 to $4.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. CIBC increased their price target on shares of B2Gold from $3.40 to $3.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. Finally, StockNews.com upgraded shares of B2Gold from a "hold" rating to a "buy" rating in a research report on Friday, May 31st.

B2Gold Stock Performance

Shares of NYSE BTG traded up $0.06 during trading hours on Monday, hitting $2.99. 11,639,667 shares of the stock were exchanged, compared to its average volume of 11,451,595. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.91 billion, a P/E ratio of -99.63, a PEG ratio of 0.43 and a beta of 1.12. The firm has a fifty day moving average of $2.76. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.69.

Institutional Trading of B2Gold

A number of hedge funds have recently added to or reduced their stakes in BTG. Continuum Advisory LLC acquired a new position in shares of B2Gold during the second quarter worth $40,000. Baader Bank Aktiengesellschaft acquired a new position in shares of B2Gold during the second quarter worth $42,000. SG Americas Securities LLC lifted its holdings in shares of B2Gold by 21.9% during the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company's stock worth $498,000 after purchasing an additional 33,113 shares during the period. Finally, Equinox Partners Investment Management LLC lifted its holdings in shares of B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company's stock worth $16,185,000 after purchasing an additional 1,450,000 shares during the period. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 5.35%. B2Gold's dividend payout ratio is currently -533.16%.

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.