What is Stifel Canada’s Estimate for B2Gold FY2024 Earnings?

B2Gold Corp. (NYSE:BTG) – Equities research analysts at Stifel Canada decreased their FY2024 EPS estimates for B2Gold in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico now expects that the company will earn $0.27 per share for the year, down from their prior estimate of $0.29. The consensus estimate for B2Gold’s current full-year earnings is $0.25 per share. Stifel Canada also issued estimates for B2Gold’s FY2026 earnings at $0.48 EPS.

Other equities analysts have also recently issued reports about the stock. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Finally, Jefferies Financial Group lifted 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.12.

B2Gold Trading Up 0.6 %

NYSE BTG opened at $3.43 on Thursday. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The firm has a 50-day moving average of $3.06. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.48 billion, a P/E ratio of -114.33, a PEG ratio of 1.70 and a beta of 1.15.

B2Gold (NYSE:BTG) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTG. Bank of Montreal Can raised its stake in B2Gold by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock worth $34,824,000 after purchasing an additional 282,070 shares in the last quarter. American Century Companies Inc. raised its position in shares of B2Gold by 39.4% in the second quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after buying an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock valued at $19,957,000 after buying an additional 3,311,970 shares during the period. Equinox Partners Investment Management LLC grew its position in B2Gold by 31.6% during the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after buying an additional 1,450,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in B2Gold during the 2nd quarter worth $6,912,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

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.