FY2024 Earnings Estimate for B2Gold Issued By Stifel Canada

B2Gold Corp. (NYSE:BTG - Free Report) - Stifel Canada cut their FY2024 earnings per share (EPS) estimates for B2Gold in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the company will post earnings of $0.27 per share for the year, down from their previous estimate of $0.29. The consensus estimate for B2Gold's current full-year earnings is $0.25 per share. Stifel Canada also issued estimates for B2Gold's FY2026 earnings at $0.48 EPS.

Other analysts have also issued reports about the company. Jefferies Financial Group boosted their price objective on B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a report on Friday, October 4th. StockNews.com raised B2Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. Cibc World Mkts downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Cormark cut shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, August 12th. Finally, Scotiabank downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.12.

B2Gold Stock Up 0.6 %

Shares of BTG traded up $0.02 during midday trading on Thursday, hitting $3.43. The company had a trading volume of 18,854,695 shares, compared to its average volume of 12,515,907. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50. The firm has a 50 day moving average price of $3.04. The stock has a market cap of $4.48 billion, a PE ratio of -114.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15.

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

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Tuesday, September 10th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, September 10th. B2Gold's dividend payout ratio is presently -533.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. E&G Advisors LP acquired a new stake in shares of B2Gold during the third quarter valued at approximately $31,000. Private Advisor Group LLC acquired a new stake in B2Gold during the 3rd quarter valued at $33,000. Continuum Advisory LLC purchased a new stake in shares of B2Gold in the second quarter valued at $40,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of B2Gold in the second quarter valued at $42,000. Finally, Blue Trust Inc. boosted its position in shares of B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock worth $42,000 after buying an additional 5,764 shares during the period. 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.