What is Stifel Canada’s Forecast for B2Gold Q3 Earnings?

B2Gold Corp. (NYSE:BTG) – Analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of B2Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the company will earn $0.05 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.25 per share. Stifel Canada also issued estimates for B2Gold’s FY2025 earnings at $0.61 EPS.

A number of other brokerages have also commented on BTG. Jefferies Financial Group increased their price objective on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. CIBC raised 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a report on Tuesday, September 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of BTG opened at $3.43 on Wednesday. The company has a market cap of $4.48 billion, a price-to-earnings ratio of -114.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74. The company has a fifty day moving average price of $3.06. 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 Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $492.57 million for the quarter. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently bought and sold shares of the stock. E&G Advisors LP acquired a new stake in shares of B2Gold in the third quarter valued at approximately $31,000. Private Advisor Group LLC acquired a new position in shares of B2Gold during the third quarter worth $33,000. Continuum Advisory LLC acquired a new position in shares of B2Gold during the second quarter worth $40,000. Baader Bank Aktiengesellschaft acquired a new stake in B2Gold in the second quarter valued at $42,000. Finally, Blue Trust Inc. increased its holdings in B2Gold by 72.1% in the third quarter. Blue Trust Inc. now owns 13,755 shares of the company’s stock valued at $42,000 after purchasing an additional 5,764 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.16 annualized dividend and a yield of 4.66%. B2Gold’s dividend payout ratio (DPR) is presently -533.33%.

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.