Research Analysts Issue Forecasts for B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG - Free Report) - Cormark reduced their FY2024 earnings per share estimates for B2Gold in a research note issued on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.19 for the year, down from their prior forecast of $0.21. Cormark has a "Hold" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.24 per share. Cormark also issued estimates for B2Gold's Q4 2024 earnings at $0.04 EPS and FY2026 earnings at $0.37 EPS.

Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Cibc World Mkts downgraded shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. StockNews.com cut B2Gold from a "buy" rating to a "hold" rating in a report on Friday, November 8th. CIBC lifted their price target on shares of B2Gold from $3.30 to $3.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, B2Gold presently has a consensus rating of "Hold" and an average price target of $4.12.

B2Gold Trading Down 2.2 %

B2Gold stock traded down $0.06 during mid-day trading on Wednesday, hitting $2.68. The company had a trading volume of 13,461,996 shares, compared to its average volume of 12,632,507. B2Gold has a 12 month low of $2.34 and a 12 month 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 has a 50 day simple moving average of $3.16. The company has a market capitalization of $3.52 billion, a P/E ratio of -4.79, a PEG ratio of 2.32 and a beta of 1.13.

B2Gold (NYSE:BTG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $449.28 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. B2Gold's revenue for the quarter was down 6.2% on a year-over-year basis.

Institutional Trading of B2Gold

Hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd raised its holdings in B2Gold by 16.6% during the 2nd quarter. Point72 DIFC Ltd now owns 21,471 shares of the company's stock valued at $58,000 after buying an additional 3,053 shares during the period. Moors & Cabot Inc. grew its position in B2Gold by 35.0% in the 3rd quarter. Moors & Cabot Inc. now owns 13,500 shares of the company's stock valued at $42,000 after acquiring an additional 3,500 shares during the last quarter. Creative Planning grew its position in B2Gold by 6.2% in the 3rd quarter. Creative Planning now owns 82,324 shares of the company's stock valued at $254,000 after acquiring an additional 4,810 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in B2Gold by 24.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company's stock valued at $82,000 after acquiring an additional 5,257 shares during the last quarter. Finally, Blue Trust Inc. grew its position in B2Gold by 72.1% in the 3rd quarter. Blue Trust Inc. now owns 13,755 shares of the company's stock valued at $42,000 after acquiring an additional 5,764 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.97%. B2Gold's dividend payout ratio (DPR) is -28.57%.

About B2Gold

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.