Stifel Canada Estimates B2Gold’s FY2024 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) – Stock analysts at Stifel Canada lowered their FY2024 earnings per share (EPS) estimates for B2Gold in a report issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the company will post earnings of $0.20 per share for the year, down from their prior estimate of $0.22. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share. Stifel Canada also issued estimates for B2Gold’s Q4 2024 earnings at $0.06 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.45 EPS.

Several other brokerages have also recently commented on BTG. StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, CIBC dropped their price target on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.02.

B2Gold Price Performance

Shares of NYSE:BTG opened at $2.55 on Thursday. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.50. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of -4.55, a PEG ratio of 0.27 and a beta of 1.10. The stock’s 50 day moving average price is $2.54 and its 200 day moving average price is $2.84. 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 (NYSE:BTG) last released 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). 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 last year, the firm posted $0.05 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis.

Hedge Funds Weigh In On B2Gold

Several institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new position in shares of B2Gold during the 4th quarter valued at $123,000. Sprott Inc. grew its holdings in shares of B2Gold by 10.1% during the 4th quarter. Sprott Inc. now owns 3,081,222 shares of the company’s stock valued at $7,518,000 after acquiring an additional 282,774 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in B2Gold by 146.3% in the fourth quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock worth $1,333,000 after purchasing an additional 324,491 shares in the last quarter. KG&L Capital Management LLC boosted its holdings in B2Gold by 15.6% in the fourth quarter. KG&L Capital Management LLC now owns 146,000 shares of the company’s stock worth $356,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Euro Pacific Asset Management LLC boosted its holdings in B2Gold by 0.8% in the fourth quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock worth $13,924,000 after purchasing an additional 45,605 shares in the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

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.