What is Scotiabank's Forecast for B2Gold FY2025 Earnings?

B2Gold Corp. (NYSE:BTG - Free Report) - Investment analysts at Scotiabank decreased their FY2025 EPS estimates for B2Gold in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Habib now forecasts that the company will earn $0.26 per share for the year, down from their prior estimate of $0.27. 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 results 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). The company had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. B2Gold's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS.

BTG has been the subject of a number of other reports. CIBC boosted their price objective 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. Cibc World Mkts cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. StockNews.com lowered B2Gold from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Jefferies Financial Group increased their target price on B2Gold from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.12.

B2Gold Stock Performance

BTG traded up $0.04 on Thursday, hitting $2.61. The company had a trading volume of 14,189,211 shares, compared to its average volume of 11,743,659. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The company's fifty day moving average price is $2.74 and its 200 day moving average price is $2.89. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of -4.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.09.

Hedge Funds Weigh In On B2Gold

Several large investors have recently added to or reduced their stakes in BTG. Van ECK Associates Corp increased its position in shares of B2Gold by 40.6% during the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company's stock valued at $566,312,000 after purchasing an additional 47,967,010 shares during the period. FMR LLC boosted its stake in B2Gold by 0.7% during the third 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. Two Sigma Advisers LP increased its holdings in B2Gold by 66.9% in the 3rd quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company's stock valued at $55,058,000 after buying an additional 7,165,600 shares during the period. Bank of Montreal Can raised its stake in shares of B2Gold by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company's stock valued at $34,824,000 after buying an additional 282,070 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company's stock valued at $33,053,000 after buying an additional 3,474,553 shares in the last quarter. Institutional investors and hedge funds own 61.40% of the company's stock.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Monday, December 2nd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date was Monday, December 2nd. B2Gold's dividend payout ratio (DPR) is presently -28.57%.

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.