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

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Equities researchers at Cormark boosted their Q1 2024 earnings estimates for shares of B2Gold in a research note issued to investors on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.04 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.

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

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group started coverage on shares of B2Gold in a report on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target on the stock. Royal Bank of Canada lowered their price target on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Finally, CIBC cut shares of B2Gold from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $4.20 to $3.60 in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.10.

B2Gold Trading Up 1.8 %

NYSEAMERICAN:BTG opened at $2.58 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.27 and a quick ratio of 1.16. The company has a market cap of $3.35 billion, a PE ratio of 128.81, a PEG ratio of 1.55 and a beta of 1.09. The business has a 50 day moving average of $2.88. B2Gold has a 12 month low of $2.34 and a 12 month high of $4.29.

Institutional Trading of B2Gold

Several hedge funds have recently added to or reduced their stakes in BTG. Independent Wealth Network Inc. bought a new position in shares of B2Gold during the first quarter valued at about $26,000. Wesbanco Bank Inc. purchased a new stake in B2Gold in the first quarter worth about $27,000. Stableford Capital II LLC purchased a new stake in B2Gold in the first quarter worth about $34,000. C M Bidwell & Associates Ltd. purchased a new stake in B2Gold in the third quarter worth about $35,000. Finally, Private Advisor Group LLC purchased a new stake in shares of B2Gold during the fourth quarter valued at approximately $38,000. 61.40% of the stock is owned by institutional investors.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is currently 400.20%.

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.