Brokers Set Expectations for B2Gold Corp.’s FY2024 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) – Equities research analysts at National Bank Financial lowered their FY2024 earnings estimates for B2Gold in a report released on Wednesday, August 14th. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.25 for the year, down from their previous estimate of $0.33. The consensus estimate for B2Gold’s current full-year earnings is $0.30 per share. National Bank Financial also issued estimates for B2Gold’s FY2026 earnings at $0.34 EPS.

A number of other research analysts have also recently commented on BTG. Scotiabank cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Cibc World Mkts upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. CIBC lifted their price target on shares of B2Gold from $3.40 to $3.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Jefferies Financial Group raised their target price on B2Gold from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

B2Gold Stock Up 3.3 %

B2Gold stock opened at $2.84 on Monday. The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -94.67, a P/E/G ratio of 0.42 and a beta of 1.12. The stock has a fifty day simple moving average of $2.78. B2Gold has a 52-week low of $2.34 and a 52-week high of $3.46.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Tuesday, September 10th. B2Gold’s dividend payout ratio is presently -533.33%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BTG. Sei Investments Co. lifted its stake in B2Gold by 31.3% during the second quarter. Sei Investments Co. now owns 33,459 shares of the company’s stock worth $90,000 after purchasing an additional 7,974 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of B2Gold by 32.8% in the 2nd quarter. Headlands Technologies LLC now owns 34,250 shares of the company’s stock worth $92,000 after buying an additional 8,463 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of B2Gold by 69.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,615 shares of the company’s stock valued at $61,000 after buying an additional 9,258 shares during the period. Continuum Advisory LLC bought a new stake in shares of B2Gold during the 2nd quarter valued at about $40,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in B2Gold during the second quarter worth about $42,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

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.