Brokers Issue Forecasts for B2Gold Corp.’s FY2024 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) – Analysts at Raymond James raised their FY2024 earnings per share (EPS) estimates for shares of B2Gold in a research note issued to investors on Monday, July 22nd. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.28 per share for the year, up from their prior forecast of $0.22. The consensus estimate for B2Gold’s current full-year earnings is $0.30 per share. Raymond James also issued estimates for B2Gold’s FY2025 earnings at $0.40 EPS.

B2Gold (NYSE:BTG) last posted its earnings results on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $461.44 million during the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%.

A number of other equities analysts have also issued reports on the stock. CIBC increased their target price on shares of B2Gold from $3.40 to $3.50 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Finally, Jefferies Financial Group boosted their price objective on B2Gold from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Friday, July 12th.

B2Gold Price Performance

Shares of B2Gold stock opened at $2.88 on Wednesday. B2Gold has a 1-year low of $2.34 and a 1-year high of $3.69. The company has a market cap of $3.77 billion, a P/E ratio of -95.97, a P/E/G ratio of 0.42 and a beta of 1.12. The firm’s fifty day simple moving average is $2.77. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new position in shares of B2Gold during the second quarter valued at $40,000. Baader Bank Aktiengesellschaft acquired a new position in shares of B2Gold in the 2nd quarter valued at about $42,000. Raymond James Trust N.A. lifted its position in shares of B2Gold by 69.3% in the second quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock worth $61,000 after purchasing an additional 9,258 shares in the last quarter. HTLF Bank boosted its holdings in shares of B2Gold by 25.9% during the second quarter. HTLF Bank now owns 146,020 shares of the company’s stock worth $394,000 after purchasing an additional 30,000 shares during the period. Finally, U S Global Investors Inc. acquired a new position in B2Gold in the 2nd quarter valued at approximately $472,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.56%. B2Gold’s dividend payout ratio (DPR) is presently -533.16%.

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.