National Bank Financial Raises Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG - Free Report) - Equities researchers at National Bank Financial increased their FY2024 earnings estimates for shares of B2Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.30 per share for the year, up from their previous estimate of $0.19. The consensus estimate for B2Gold's current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for B2Gold's FY2025 earnings at $0.64 EPS.

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

Several other research analysts also recently commented on the stock. Scotiabank downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Cibc World Mkts lowered B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Finally, StockNews.com upgraded B2Gold from a "hold" rating to a "buy" rating in a report on Saturday, August 17th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.12.

B2Gold Stock Down 2.3 %

Shares of NYSE:BTG traded down $0.08 during trading on Friday, reaching $3.35. The stock had a trading volume of 15,357,910 shares, compared to its average volume of 12,529,645. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. The firm's fifty day moving average is $3.07. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -111.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50.

Institutional Trading of B2Gold

A number of hedge funds have recently modified their holdings of BTG. GW Henssler & Associates Ltd. bought a new stake in B2Gold in the third quarter valued at about $109,000. ShoreHaven Wealth Partners LLC acquired a new stake in B2Gold during the third quarter valued at approximately $46,000. International Assets Investment Management LLC grew its stake in shares of B2Gold by 220.1% in the 3rd quarter. International Assets Investment Management LLC now owns 40,878 shares of the company's stock valued at $1,260,000 after purchasing an additional 28,106 shares during the period. Private Advisor Group LLC acquired a new position in shares of B2Gold in the 3rd quarter worth approximately $33,000. Finally, E&G Advisors LP bought a new position in shares of B2Gold during the 3rd quarter worth approximately $31,000. Institutional investors own 61.40% of the company's stock.

B2Gold Dividend Announcement

The company also recently declared 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. The ex-dividend date was Tuesday, September 10th. This represents a $0.16 annualized dividend and a yield of 4.78%. B2Gold's dividend payout ratio is -533.33%.

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.