Research Analysts Issue Forecasts for B2Gold FY2025 Earnings

B2Gold Corp. (NYSE:BTG) – Research analysts at Cormark reduced their FY2025 earnings per share estimates for B2Gold in a report issued on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $0.36 per share for the year, down from their prior forecast of $0.38. Cormark has a “Hold” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share.

Several other analysts also recently commented on the stock. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted 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. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Stock Down 0.4 %

BTG opened at $2.67 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50. The stock’s 50 day moving average price is $3.16. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of -4.79, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13.

B2Gold (NYSE:BTG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 company had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. B2Gold’s revenue was down 6.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after acquiring an additional 47,967,010 shares during the last quarter. FMR LLC lifted its stake in shares of B2Gold by 0.7% during the third quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after buying an additional 438,399 shares during the period. Bank of Montreal Can boosted 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 acquiring an additional 282,070 shares during the last quarter. American Century Companies Inc. grew its stake in B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock worth $33,053,000 after acquiring an additional 3,474,553 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in B2Gold by 69.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock valued at $35,837,000 after acquiring an additional 4,754,500 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 5.99%. B2Gold’s dividend payout ratio 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.