Cormark Comments on B2Gold’s FY2025 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) – Equities researchers at Cormark cut their FY2025 earnings estimates for B2Gold in a report released on Monday, November 11th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.36 for the year, down from their previous forecast of $0.38. Cormark has a “Hold” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share.

B2Gold (NYSE:BTG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The company had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. B2Gold had a negative net margin of 38.42% and a positive return on equity of 7.53%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS.

Several other analysts also recently weighed in on the company. Jefferies Financial Group boosted their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, October 4th. StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $3.75 target price on shares of B2Gold in a report on Tuesday, September 17th. Finally, Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.12.

B2Gold Trading Down 0.4 %

NYSE:BTG opened at $2.67 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average is $3.16. B2Gold has a 12 month low of $2.34 and a 12 month high of $3.50. The firm has a market capitalization of $3.51 billion, a P/E ratio of -4.79, a P/E/G ratio of 2.32 and a beta of 1.13.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its holdings in B2Gold by 133.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,977,354 shares of the company’s stock valued at $5,334,000 after acquiring an additional 1,131,534 shares during the last quarter. Old West Investment Management LLC acquired a new position in B2Gold in the third quarter valued at about $1,340,000. Continuum Advisory LLC purchased a new position in B2Gold during the second quarter worth about $40,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of B2Gold during the second quarter valued at about $927,000. Finally, Van ECK Associates Corp raised its position in B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after purchasing an additional 47,967,010 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 5.99%. B2Gold’s payout ratio is -28.57%.

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.