National Bank Financial Comments on B2Gold FY2024 Earnings

B2Gold Corp. (NYSE:BTG) – Stock analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of B2Gold in a report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $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 firms also recently commented on BTG. Royal Bank of Canada restated a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Jefferies Financial Group boosted their price target on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. CIBC lifted their price objective on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Scotiabank lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Price Performance

Shares of B2Gold stock opened at $2.68 on Friday. The company has a 50-day moving average price of $3.16. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -4.78, a price-to-earnings-growth ratio of 2.27 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 one year low of $2.34 and a one year high of $3.50.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Monday, December 2nd. B2Gold’s payout ratio is -28.57%.

Hedge Funds Weigh In On B2Gold

Hedge funds have recently modified their holdings of the company. Barclays PLC lifted its holdings in B2Gold by 23.7% during the third quarter. Barclays PLC now owns 910,558 shares of the company’s stock worth $2,804,000 after acquiring an additional 174,477 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of B2Gold during the 3rd quarter valued at $1,597,000. Zacks Investment Management bought a new stake in shares of B2Gold during the 3rd quarter worth $49,000. National Bank of Canada FI boosted its holdings in shares of B2Gold by 16.8% in the 3rd quarter. National Bank of Canada FI now owns 5,915,425 shares of the company’s stock worth $18,235,000 after buying an additional 849,925 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in B2Gold by 66.9% during the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after buying an additional 7,165,600 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

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.