National Bank Financial Expects Stronger Earnings for B2Gold

B2Gold Corp. (NYSE:BTG) – National Bank Financial boosted their FY2024 earnings per share estimates for B2Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.30 for the year, up from their prior estimate of $0.19. The consensus estimate for B2Gold’s current full-year earnings is $0.25 per share. National Bank Financial also issued estimates for B2Gold’s FY2025 earnings at $0.64 EPS.

Other research analysts have also issued research reports about the company. Jefferies Financial Group raised their target price on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Cibc World Mkts lowered B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.36 on Friday. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50. 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 firm has a 50 day moving average price of $3.07. The firm has a market capitalization of $4.39 billion, a PE ratio of -112.00, 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 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). B2Gold had a negative net margin of 7.44% and a positive return on equity of 8.01%. The firm had revenue of $492.57 million during the quarter.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 4.76%. B2Gold’s payout ratio is presently -533.33%.

Institutional Trading of B2Gold

Several hedge funds have recently made changes to their positions in BTG. E&G Advisors LP bought a new stake in shares of B2Gold in the third quarter valued at $31,000. Private Advisor Group LLC bought a new stake in shares of B2Gold in the third quarter valued at $33,000. Continuum Advisory LLC bought a new stake in shares of B2Gold in the second quarter valued at $40,000. Baader Bank Aktiengesellschaft purchased a new position in shares of B2Gold in the second quarter valued at $42,000. Finally, Blue Trust Inc. grew its position in shares of 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 in the last quarter. 61.40% of the stock is currently owned by institutional investors.

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.