B2Gold Corp. Expected to Earn Q1 2024 Earnings of $0.04 Per Share (NYSEAMERICAN:BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of B2Gold in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco forecasts that the basic materials company will earn $0.04 per share 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.

BTG has been the topic of several other research reports. Royal Bank of Canada dropped their price objective on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a research note on Thursday, March 28th. Jefferies Financial Group started 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. Finally, CIBC lowered shares of B2Gold from an “outperform” rating to a “neutral” rating and dropped their price target for the company 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.10.

B2Gold Stock Down 0.4 %

BTG opened at $2.60 on Monday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 130.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $4.29. The stock’s 50-day simple moving average is $2.90. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04.

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

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors 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 yield of 6.15%. The ex-dividend date was Wednesday, March 6th. B2Gold’s payout ratio is 400.20%.

Hedge Funds Weigh In On B2Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of B2Gold by 1,523.7% during the 4th quarter. US Bancorp DE now owns 7,891 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 7,405 shares in the last quarter. Independent Wealth Network Inc. bought a new position in B2Gold in the 1st quarter worth $26,000. Atria Wealth Solutions Inc. bought a new position in B2Gold in the 4th quarter worth $36,000. Power Corp of Canada acquired a new stake in B2Gold in the 1st quarter worth $49,000. Finally, Private Advisor Group LLC acquired a new stake in B2Gold in the 4th quarter worth $38,000. 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.