B2Gold Corp. (NYSEAMERICAN:BTG) to Post Q2 2024 Earnings of $0.05 Per Share, National Bank Financial Forecasts

B2Gold Corp. (NYSEAMERICAN:BTGFree Report) (TSE:BTO) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for B2Gold in a report issued on Sunday, May 12th. National Bank Financial analyst D. Demarco forecasts that the basic materials company will post earnings of $0.05 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.26 per share. National Bank Financial also issued estimates for B2Gold’s Q4 2024 earnings at $0.10 EPS and FY2026 earnings at $0.38 EPS.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last released its quarterly earnings results on Tuesday, May 7th. The basic materials 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 $461.40 million for the quarter, compared to analysts’ expectations of $453.81 million. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS.

A number of other brokerages have also weighed in on BTG. Jefferies Financial Group assumed coverage on shares of B2Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $3.50 price target on the stock. Royal Bank of Canada decreased their target price 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. Finally, CIBC lowered 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 research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.57.

Read Our Latest Analysis on B2Gold

B2Gold Stock Up 2.2 %

Shares of NYSEAMERICAN BTG opened at $2.81 on Wednesday. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. The firm has a 50-day moving average of $2.85. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. B2Gold has a 52-week low of $2.34 and a 52-week high of $4.18.

B2Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date is Tuesday, June 11th. B2Gold’s dividend payout ratio (DPR) is -533.16%.

Hedge Funds Weigh In On B2Gold

A number of institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its stake in B2Gold by 142.9% during the first quarter. First Eagle Investment Management LLC now owns 27,216,340 shares of the basic materials company’s stock worth $71,360,000 after purchasing an additional 16,011,832 shares during the period. Headlands Technologies LLC raised its position in shares of B2Gold by 31.5% during the 1st quarter. Headlands Technologies LLC now owns 25,787 shares of the basic materials company’s stock valued at $67,000 after buying an additional 6,174 shares during the period. Primoris Wealth Advisors LLC purchased a new position in B2Gold in the first quarter worth approximately $54,000. SG Americas Securities LLC raised its position in B2Gold by 6.9% in the first quarter. SG Americas Securities LLC now owns 151,260 shares of the basic materials company’s stock valued at $395,000 after purchasing an additional 9,723 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of B2Gold by 321.4% in the 1st quarter. Quantbot Technologies LP now owns 595,830 shares of the basic materials company’s stock valued at $1,555,000 after purchasing an additional 454,431 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History and Estimates for B2Gold (NYSEAMERICAN:BTG)

Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.