B2Gold Corp. (NYSEAMERICAN:BTG) Forecasted to Post Q1 2024 Earnings of $0.04 Per Share

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – National Bank Financial issued their Q1 2024 earnings per share estimates for shares of B2Gold in a note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco forecasts that the basic materials company will earn $0.04 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for B2Gold’s FY2024 earnings at $0.29 EPS.

A number of other research firms also recently issued reports on BTG. Jefferies Financial Group started coverage on B2Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $3.50 price target on the stock. Royal Bank of Canada dropped their price target on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Thursday, March 28th. Finally, CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.10.

B2Gold Trading Up 2.0 %

BTG opened at $2.56 on Monday. B2Gold has a 12-month low of $2.34 and a 12-month high of $4.29. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $2.88. The company has a market cap of $3.34 billion, a P/E ratio of 128.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The business had revenue of $511.97 million during the quarter, compared to analysts’ expectations of $512.00 million. During the same quarter in the previous year, the business earned $0.15 EPS. The business’s revenue for the quarter was down 13.6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Independent Wealth Network Inc. purchased a new position in B2Gold during the first quarter valued at approximately $26,000. Wesbanco Bank Inc. purchased a new position in B2Gold during the first quarter valued at approximately $27,000. Stableford Capital II LLC purchased a new position in B2Gold during the first quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. purchased a new position in B2Gold during the third quarter valued at approximately $35,000. Finally, Private Advisor Group LLC purchased a new position in B2Gold during the fourth quarter valued at approximately $38,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.25%. The ex-dividend date was Wednesday, March 6th. B2Gold’s payout ratio is 400.20%.

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.