B2Gold Corp. (NYSE:BTG - Free Report) - Investment analysts at Raymond James reduced their FY2024 earnings estimates for B2Gold in a research report issued to clients and investors on Tuesday, January 14th. Raymond James analyst F. Hamed now expects that the company will earn $0.21 per share for the year, down from their prior estimate of $0.26. The consensus estimate for B2Gold's current full-year earnings is $0.23 per share.
B2Gold (NYSE:BTG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business had revenue of $448.23 million for the quarter, compared to the consensus estimate of $449.28 million. During the same period in the prior year, the company earned $0.05 EPS. B2Gold's quarterly revenue was down 6.2% on a year-over-year basis.
A number of other research analysts also recently commented on the company. CIBC lowered their price objective on B2Gold from $3.70 to $3.30 and set a "neutral" rating for the company in a research note on Wednesday. Jefferies Financial Group increased their price objective on shares of B2Gold from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, October 4th. 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 cut shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday. Finally, Cibc World Mkts cut B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.02.
Check Out Our Latest Report on B2Gold
B2Gold Stock Performance
Shares of NYSE:BTG traded down $0.06 during trading on Thursday, hitting $2.38. 19,114,153 shares of the company traded hands, compared to its average volume of 16,879,275. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -4.25, a PEG ratio of 0.26 and a beta of 1.09. B2Gold has a one year low of $2.34 and a one year 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 business's fifty day moving average is $2.65 and its 200-day moving average is $2.88.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Old West Investment Management LLC bought a new stake in B2Gold during the third quarter worth approximately $670,000. FMR LLC raised its stake in shares of B2Gold by 0.7% in the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company's stock worth $183,862,000 after buying an additional 438,399 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of B2Gold in the third quarter valued at $2,636,000. Cubist Systematic Strategies LLC lifted its holdings in shares of B2Gold by 133.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company's stock valued at $5,334,000 after buying an additional 1,131,534 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in B2Gold by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company's stock valued at $294,000 after buying an additional 36,555 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.
B2Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd were given a dividend of $0.04 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.72%. B2Gold's dividend payout ratio (DPR) is -28.57%.
About B2Gold
(
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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.
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