Cormark Analysts Increase Earnings Estimates for B2Gold Corp. (NYSEAMERICAN:BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at Cormark raised their Q1 2024 earnings per share (EPS) estimates for B2Gold in a report issued 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 previous forecast of $0.03. The consensus estimate for B2Gold’s current full-year earnings is $0.25 per share.

A number of other equities research analysts have also issued reports on BTG. Jefferies Financial Group began coverage on B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price for the company. Royal Bank of Canada lowered their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Finally, CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $4.20 to $3.60 in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.10.

B2Gold Stock Performance

BTG stock opened at $2.58 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. B2Gold has a 1 year low of $2.34 and a 1 year high of $4.29. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 128.81, a P/E/G ratio of 1.55 and a beta of 1.09. The company has a 50-day moving average of $2.88.

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

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is 400.20%.

Institutional Trading of B2Gold

Hedge funds have recently made changes to their positions in the stock. Bank of Nova Scotia raised its stake in B2Gold by 4.7% during the 3rd quarter. Bank of Nova Scotia now owns 92,937 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 4,155 shares in the last quarter. Seven Mile Advisory raised its stake in B2Gold by 25.2% during the 4th quarter. Seven Mile Advisory now owns 20,731 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 4,173 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in B2Gold by 1.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 425,511 shares of the basic materials company’s stock valued at $1,346,000 after acquiring an additional 5,511 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in B2Gold by 13.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 58,425 shares of the basic materials company’s stock valued at $169,000 after acquiring an additional 6,848 shares in the last quarter. Finally, Colonial River Wealth Management LLC raised its stake in B2Gold by 32.2% during the 3rd quarter. Colonial River Wealth Management LLC now owns 31,705 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 7,730 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

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.