What is Stifel Canada's Estimate for B2Gold Q3 Earnings?

B2Gold Corp. (NYSE:BTG - Free Report) - Investment analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of B2Gold in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will post earnings per share of $0.05 for the quarter. The consensus estimate for B2Gold's current full-year earnings is $0.25 per share. Stifel Canada also issued estimates for B2Gold's FY2025 earnings at $0.61 EPS.

B2Gold (NYSE:BTG - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $492.57 million during the quarter. B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%.

BTG has been the topic of a number of other reports. StockNews.com raised B2Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. Cibc World Mkts lowered B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, August 12th. Jefferies Financial Group upped their price objective on shares of B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a report on Friday, October 4th. 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.12.

B2Gold Stock Down 1.7 %

Shares of B2Gold stock traded down $0.06 on Wednesday, reaching $3.41. The stock had a trading volume of 14,218,701 shares, compared to its average volume of 12,484,895. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50. The firm's 50 day moving average price is $3.04. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.46 billion, a PE ratio of -113.67, a P/E/G ratio of 1.70 and a beta of 1.15.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were given a $0.04 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 4.69%. B2Gold's dividend payout ratio is currently -533.33%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of B2Gold by 21.9% in the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company's stock worth $498,000 after buying an additional 33,113 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of B2Gold in the second quarter worth about $42,000. Equinox Partners Investment Management LLC raised its position in shares of B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company's stock worth $16,185,000 after acquiring an additional 1,450,000 shares during the period. Continuum Advisory LLC purchased a new stake in shares of B2Gold during the 2nd quarter worth about $40,000. Finally, KG&L Capital Management LLC grew its position in shares of B2Gold by 9.6% during the 2nd quarter. KG&L Capital Management LLC now owns 207,500 shares of the company's stock valued at $560,000 after acquiring an additional 18,200 shares during the period. 61.40% of the stock is owned by hedge funds and other 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.