National Bank Financial Cuts Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG) – Stock analysts at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a note issued to investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now forecasts that the company will earn $0.22 per share for the year, down from their previous forecast of $0.30. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.34 EPS.

Several other research analysts have also recently commented on the stock. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Scotiabank downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, CIBC increased their price objective on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Stock Up 0.6 %

Shares of BTG stock opened at $2.70 on Friday. The firm has a 50 day simple moving average of $3.16. The stock has a market cap of $3.54 billion, a PE ratio of -4.89, a PEG ratio of 2.32 and a beta of 1.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50.

B2Gold (NYSE:BTG) last released 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 firm had revenue of $448.23 million for the quarter, compared to analysts’ expectations of $449.28 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Tradition Wealth Management LLC acquired a new stake in B2Gold during the 3rd quarter worth approximately $44,000. Flow Traders U.S. LLC acquired a new stake in shares of B2Gold during the third quarter worth $35,000. Walleye Capital LLC purchased a new position in B2Gold in the 3rd quarter valued at $2,008,000. BNP Paribas Financial Markets increased its stake in B2Gold by 62.0% in the 3rd 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 during the period. Finally, FMR LLC raised its position in B2Gold by 0.7% during 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 during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.94%. 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.