Q3 Earnings Forecast for B2Gold Issued By Stifel Canada

B2Gold Corp. (NYSE:BTG) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for shares of B2Gold in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico anticipates that the company will post earnings of $0.05 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.25 per share. Stifel Canada also issued estimates for B2Gold’s FY2025 earnings at $0.61 EPS.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $492.57 million for the quarter.

Several other analysts also recently weighed in on the company. CIBC increased their target price on B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Jefferies Financial Group upped their target price on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $3.75 price target on shares of B2Gold in a research report on Tuesday, September 17th. Finally, Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.12.

B2Gold Price Performance

BTG stock opened at $3.47 on Wednesday. The company has a market capitalization of $4.54 billion, a PE ratio of -115.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15. The company’s 50-day moving average price is $3.03. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.74.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -533.33%.

Institutional Investors Weigh In On B2Gold

Large investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of B2Gold by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 13,158,780 shares of the company’s stock worth $34,824,000 after buying an additional 282,070 shares during the period. American Century Companies Inc. boosted its stake in shares of B2Gold by 39.4% in the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after purchasing an additional 3,474,553 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of B2Gold by 80.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after purchasing an additional 3,311,970 shares during the last quarter. Equinox Partners Investment Management LLC boosted its position in B2Gold by 31.6% in the second quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock valued at $16,185,000 after buying an additional 1,450,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in B2Gold during the second quarter worth about $6,912,000. 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.