National Bank Financial Cuts Earnings Estimates for B2Gold

B2Gold Corp. (NYSE:BTG) – Analysts at National Bank Financial reduced their FY2024 earnings per share estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now expects that the company will earn $0.22 per share for the year, down from their prior estimate of $0.30. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.34 EPS.

A number of other equities research analysts have also recently commented on BTG. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. CIBC upped their price objective on shares of B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.12.

B2Gold Price Performance

Shares of BTG opened at $2.68 on Friday. The company has a 50-day moving average price of $3.16. B2Gold has a one year low of $2.34 and a one year high of $3.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The firm has a market cap of $3.52 billion, a P/E ratio of -4.79, a PEG ratio of 2.27 and a beta of 1.13.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). B2Gold had a positive return on equity of 7.53% and a negative net margin of 38.42%. The company had revenue of $448.23 million during the quarter, compared to analyst estimates of $449.28 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year.

B2Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 5.97%. The ex-dividend date is Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently -28.57%.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently bought and sold shares of the company. E&G Advisors LP bought a new position in shares of B2Gold during the third quarter valued at about $31,000. Private Advisor Group LLC bought a new position in shares of B2Gold during the 3rd quarter worth approximately $33,000. Flow Traders U.S. LLC purchased a new position in shares of B2Gold in the 3rd quarter worth approximately $35,000. HighTower Advisors LLC purchased a new position in shares of B2Gold in the 3rd quarter worth approximately $36,000. Finally, Continuum Advisory LLC bought a new position in shares of B2Gold in the second quarter valued at approximately $40,000. 61.40% of the stock is owned by hedge funds and other 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.