National Bank Financial Forecasts Lower Earnings for B2Gold

B2Gold Corp. (NYSE:BTG) – Equities researchers at National Bank Financial dropped their FY2025 earnings estimates for B2Gold in a research note issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.25 for the year, down from their prior forecast of $0.31. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share.

A number of other research firms also recently issued reports on BTG. TD Securities downgraded B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. CIBC cut their price objective on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.02.

B2Gold Price Performance

BTG stock opened at $2.53 on Wednesday. The stock has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $2.83. B2Gold has a 1 year low of $2.20 and a 1 year high of $3.50. The stock has a market cap of $3.33 billion, a PE ratio of -4.52, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On B2Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Old West Investment Management LLC bought a new stake in B2Gold during the third quarter worth $670,000. FMR LLC raised its holdings in shares of B2Gold by 0.7% in the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after purchasing an additional 438,399 shares during the period. Invenomic Capital Management LP acquired a new stake in B2Gold in the 3rd quarter valued at about $2,636,000. Geode Capital Management LLC grew its holdings in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after purchasing an additional 661,107 shares during the period. Finally, BNP Paribas Financial Markets increased its position in B2Gold by 62.0% during the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock worth $294,000 after buying an additional 36,555 shares during the last quarter. 61.40% of the stock is owned by institutional investors.

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.