Q1 2024 Earnings Estimate for B2Gold Corp. (NYSEAMERICAN:BTG) Issued By Cormark

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Investment analysts at Cormark raised their Q1 2024 EPS estimates for B2Gold in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $511.97 million during the quarter, compared to the consensus estimate of $512.00 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The firm’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share.

Other analysts have also issued research reports about the stock. CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a report on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, B2Gold currently has an average rating of “Hold” and a consensus price target of $5.10.

B2Gold Stock Performance

Shares of NYSEAMERICAN:BTG opened at $2.53 on Thursday. The firm has a market cap of $3.30 billion, a P/E ratio of 128.56, a PEG ratio of 1.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16. The firm has a fifty day moving average price of $2.88. B2Gold has a 52 week low of $2.34 and a 52 week high of $4.29.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 annualized dividend and a dividend yield of 6.32%. B2Gold’s payout ratio is 400.20%.

Institutional Trading of B2Gold

Several hedge funds have recently bought and sold shares of the business. Independent Wealth Network Inc. purchased a new stake in B2Gold during the first quarter worth about $26,000. Wesbanco Bank Inc. bought a new position in shares of B2Gold during the 1st quarter worth $27,000. Stableford Capital II LLC purchased a new stake in B2Gold during the first quarter valued at about $34,000. C M Bidwell & Associates Ltd. bought a new position in B2Gold during the third quarter worth about $35,000. Finally, Private Advisor Group LLC purchased a new position in shares of B2Gold in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.