Brokers Set Expectations for B2Gold Corp.’s Q1 2024 Earnings (NYSEAMERICAN:BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Analysts at 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 anticipates that the basic materials company will post earnings per share of $0.04 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 analysts have also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price objective for the company. CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and cut their price target for the company from $4.20 to $3.60 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada lowered 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. Three 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, B2Gold presently has a consensus rating of “Hold” and a consensus price target of $5.10.

B2Gold Price Performance

BTG opened at $2.52 on Monday. The company has a fifty day moving average price of $2.88. B2Gold has a 1 year low of $2.34 and a 1 year high of $4.29. The firm has a market cap of $3.28 billion, a PE ratio of 125.56, a P/E/G ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $512.00 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The firm’s revenue was down 13.6% compared to the same quarter last year.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 annualized dividend and a yield of 6.36%. B2Gold’s dividend payout ratio (DPR) is presently 400.20%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently added to or reduced their stakes in BTG. Van ECK Associates Corp increased its position in shares of B2Gold by 6.4% during the 4th quarter. Van ECK Associates Corp now owns 165,894,403 shares of the basic materials company’s stock worth $524,231,000 after purchasing an additional 9,971,331 shares during the last quarter. Vanguard Group Inc. raised its position in B2Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 49,399,970 shares of the basic materials company’s stock valued at $156,104,000 after purchasing an additional 856,269 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of B2Gold by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,912,152 shares of the basic materials company’s stock valued at $72,403,000 after buying an additional 1,178,984 shares during the period. Norges Bank purchased a new position in B2Gold in the fourth quarter worth approximately $50,125,000. Finally, Intact Investment Management Inc. grew its stake in shares of B2Gold by 22.2% during the fourth quarter. Intact Investment Management Inc. now owns 13,747,050 shares of the basic materials company’s stock worth $43,472,000 after purchasing an additional 2,496,820 shares in the last quarter. Hedge funds and other 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.