Q1 2024 EPS Estimates for B2Gold Corp. (NYSEAMERICAN:BTG) Lifted by Cormark

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Equities researchers at Cormark boosted their Q1 2024 earnings estimates for shares of B2Gold in a research report issued on Monday, April 22nd. Cormark analyst R. Gray now expects that the basic materials company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its 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). The business had revenue of $511.97 million for 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 firm’s revenue was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share.

BTG has been the subject of a number of other research reports. Royal Bank of Canada lowered their price objective on shares of B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research report on Thursday, March 28th. Jefferies Financial Group started coverage on B2Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $3.50 price target on the stock. Finally, CIBC lowered B2Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $4.20 to $3.60 in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.10.

B2Gold Stock Down 1.2 %

Shares of NYSEAMERICAN BTG opened at $2.53 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’s 50 day moving average price is $2.88. B2Gold has a 52-week low of $2.34 and a 52-week high of $4.29. The firm has a market capitalization of $3.30 billion, a PE ratio of 128.56, a P/E/G ratio of 1.57 and a beta of 1.09.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, March 7th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.16 dividend on an annualized basis and a yield of 6.32%. B2Gold’s dividend payout ratio is currently 400.20%.

Institutional Investors Weigh In On B2Gold

Several institutional investors and hedge funds have recently modified their holdings of BTG. Independent Wealth Network Inc. bought a new stake in B2Gold during the first quarter valued at about $26,000. Wesbanco Bank Inc. bought a new stake in B2Gold during the 1st quarter valued at approximately $27,000. Stableford Capital II LLC acquired a new stake in B2Gold in the 1st quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. bought a new position in B2Gold in the 3rd quarter worth approximately $35,000. Finally, Private Advisor Group LLC acquired a new position in shares of B2Gold during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds 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.