Raymond James Has Negative Outlook of B2Gold FY2025 Earnings

B2Gold Corp. (NYSE:BTG - Free Report) - Stock analysts at Raymond James reduced their FY2025 EPS estimates for B2Gold in a research report issued on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.42 per share for the year, down from their prior estimate of $0.47. The consensus estimate for B2Gold's current full-year earnings is $0.23 per share.

Several other analysts also recently weighed in on BTG. StockNews.com downgraded shares of B2Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday. CIBC cut their target price on B2Gold from $3.70 to $3.30 and set a "neutral" rating on the stock in a research report on Wednesday. Jefferies Financial Group raised their price target on B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Finally, Cibc World Mkts cut B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $4.02.

B2Gold Stock Up 0.6 %

BTG traded up $0.02 on Friday, reaching $2.40. The company's stock had a trading volume of 13,565,457 shares, compared to its average volume of 16,477,547. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -4.28, a P/E/G ratio of 0.26 and a beta of 1.09. B2Gold has a fifty-two week low of $2.32 and a fifty-two week high of $3.50. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $2.65 and a two-hundred day moving average of $2.88.

B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The business had revenue of $448.23 million for the quarter, compared to analysts' expectations of $449.28 million. During the same period last year, the firm earned $0.05 earnings per share. The firm's quarterly revenue was down 6.2% on a year-over-year basis.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were paid a $0.04 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 6.68%. B2Gold's dividend payout ratio is currently -28.57%.

Institutional Trading of B2Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company's stock valued at $566,312,000 after acquiring an additional 47,967,010 shares during the period. FMR LLC lifted its stake in shares of B2Gold by 0.7% in the third quarter. FMR LLC now owns 59,489,129 shares of the company's stock valued at $183,862,000 after purchasing an additional 438,399 shares during the period. Two Sigma Advisers LP boosted its holdings in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock worth $55,058,000 after buying an additional 7,165,600 shares in the last quarter. Bank of Montreal Can grew its position in B2Gold by 2.2% during the second quarter. Bank of Montreal Can now owns 13,158,780 shares of the company's stock worth $34,824,000 after buying an additional 282,070 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in B2Gold by 69.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company's stock valued at $35,837,000 after buying an additional 4,754,500 shares in the last quarter. Hedge funds and other 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.