B2Gold Corp. (NYSEAMERICAN:BTG) to Post FY2023 Earnings of $0.42 Per Share, Cormark Forecasts

B2Gold Corp. (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) – Investment analysts at Cormark increased their FY2023 earnings per share estimates for B2Gold in a research report issued to clients and investors on Monday, April 18th. Cormark analyst R. Gray now forecasts that the basic materials company will earn $0.42 per share for the year, up from their prior forecast of $0.39.

Other equities analysts have also issued reports about the company. Scotiabank lowered their target price on B2Gold from C$9.00 to C$8.00 in a report on Tuesday, January 11th. National Bank Financial decreased their price objective on B2Gold from C$8.00 to C$7.75 in a report on Friday, February 4th. Canaccord Genuity Group decreased their price objective on B2Gold from C$8.50 to C$8.00 in a report on Thursday, January 27th. Stifel Nicolaus decreased their price objective on B2Gold from C$9.50 to C$9.00 in a report on Thursday, January 20th. Finally, BMO Capital Markets decreased their price objective on B2Gold from C$8.00 to C$7.00 in a report on Thursday, January 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.95.

NYSEAMERICAN:BTG opened at $4.94 on Tuesday. The company has a market cap of $5.22 billion, a PE ratio of 11.49 and a beta of 1.01. B2Gold has a 52 week low of $3.30 and a 52 week high of $5.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.89 and a quick ratio of 3.54.

B2Gold (NYSEAMERICAN:BTGGet Rating) (TSE:BTO) last posted its earnings results on Monday, February 21st. The basic materials company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. B2Gold had a return on equity of 15.30% and a net margin of 26.32%.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 17th. Shareholders of record on Wednesday, March 9th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, March 8th. B2Gold’s payout ratio is currently 37.21%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Smith Group Asset Management LLC boosted its stake in B2Gold by 61.5% during the 4th quarter. Smith Group Asset Management LLC now owns 7,879 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 3,000 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of B2Gold during the 4th quarter valued at $39,000. Wesbanco Bank Inc. acquired a new stake in shares of B2Gold during the 4th quarter valued at $41,000. International Assets Investment Management LLC acquired a new stake in shares of B2Gold during the 3rd quarter valued at $43,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of B2Gold during the 3rd quarter valued at $49,000. 52.70% of the stock is owned by hedge funds and other institutional investors.

B2Gold Company Profile (Get Rating)

B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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Earnings History and Estimates for B2Gold (NYSEAMERICAN:BTG)

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