B2Gold FY2024 EPS Increased by National Bank Financial

B2Gold Corp. (NYSE:BTG) – National Bank Financial boosted their FY2024 earnings per share estimates for B2Gold in a report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.30 per share for the year, up from their prior forecast 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.

Several other equities research analysts have also commented on the company. Scotiabank lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Jefferies Financial Group lifted their price target on B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.12.

B2Gold Trading Up 0.6 %

BTG stock opened at $3.43 on Friday. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average is $3.06. B2Gold has a 52 week low of $2.34 and a 52 week high of $3.50. The stock has a market capitalization of $4.48 billion, a P/E ratio of -114.33, a P/E/G ratio of 1.70 and a beta of 1.15.

B2Gold (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company 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%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd boosted its position in B2Gold by 16.6% during the second quarter. Point72 DIFC Ltd now owns 21,471 shares of the company’s stock worth $58,000 after acquiring an additional 3,053 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. 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 during the period. Sei Investments Co. increased its stake in B2Gold by 31.3% in the second quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock valued at $90,000 after purchasing an additional 7,974 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in B2Gold by 32.8% during the second quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after buying an additional 8,463 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were paid 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 dividend yield of 4.66%. B2Gold’s dividend payout ratio is currently -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.