Cormark Weighs in on B2Gold’s FY2024 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) – Research analysts at Cormark increased their FY2024 earnings estimates for shares of B2Gold in a note issued to investors on Wednesday, January 15th. Cormark analyst R. Gray now expects that the company will earn $0.20 per share for the year, up from their prior estimate of $0.19. The consensus estimate for B2Gold’s current full-year earnings is $0.22 per share. Cormark also issued estimates for B2Gold’s Q4 2024 earnings at $0.05 EPS and FY2025 earnings at $0.43 EPS.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cibc World Mkts downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, CIBC lowered their price objective on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.02.

B2Gold Price Performance

Shares of NYSE:BTG opened at $2.42 on Monday. The company has a market capitalization of $3.19 billion, a P/E ratio of -4.32, a price-to-earnings-growth ratio of 0.26 and a beta of 1.09. The company’s 50-day moving average is $2.63 and its 200 day moving average is $2.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a fifty-two week low of $2.32 and a fifty-two week high of $3.50.

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

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio is presently -28.57%.

Hedge Funds Weigh In On B2Gold

Large investors have recently modified their holdings of the company. E&G Advisors LP purchased a new stake in B2Gold in the 3rd quarter worth approximately $31,000. Private Advisor Group LLC purchased a new stake in shares of B2Gold in the third quarter worth $33,000. Flow Traders U.S. LLC purchased a new stake in shares of B2Gold in the 3rd quarter valued at about $35,000. HighTower Advisors LLC bought a new position in shares of B2Gold in the third quarter worth approximately $36,000. Finally, Blue Trust Inc. raised its stake in 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 in the last quarter. 61.40% of the stock is currently 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.