B2Gold Q4 EPS Forecast Decreased by National Bank Financial

B2Gold Corp. (NYSE:BTG) – Equities researchers at National Bank Financial reduced their Q4 2024 earnings per share estimates for shares of B2Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share.

A number of other equities research analysts have also recently commented on the company. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. CIBC lowered their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. TD Securities cut B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.02.

B2Gold Stock Performance

BTG opened at $2.54 on Thursday. The stock has a market cap of $3.35 billion, a P/E ratio of -4.54, a P/E/G ratio of 0.28 and a beta of 1.10. 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 stock’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.82. B2Gold has a 1-year low of $2.20 and a 1-year high of $3.50.

Institutional Investors Weigh In On B2Gold

Several hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. boosted its holdings in shares of B2Gold by 35.0% during the third quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $42,000 after purchasing an additional 3,500 shares during the last quarter. Creative Planning boosted its holdings in shares of B2Gold by 6.2% during the third quarter. Creative Planning now owns 82,324 shares of the company’s stock worth $254,000 after purchasing an additional 4,810 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of B2Gold by 24.7% during the third quarter. Concurrent Investment Advisors LLC now owns 26,513 shares of the company’s stock worth $82,000 after purchasing an additional 5,257 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of B2Gold by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 16,933 shares of the company’s stock worth $41,000 after purchasing an additional 5,288 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of B2Gold by 72.1% during the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock worth $42,000 after purchasing an additional 5,764 shares during the last quarter. Institutional investors and hedge funds 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.