FY2024 Earnings Forecast for B2Gold Issued By Stifel Canada

B2Gold Corp. (NYSE:BTG) – Equities researchers at Stifel Canada decreased their FY2024 earnings per share estimates for shares of B2Gold in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the company will post earnings per share of $0.20 for the year, down from their previous estimate of $0.22. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share. Stifel Canada also issued estimates for B2Gold’s Q4 2024 earnings at $0.06 EPS, FY2025 earnings at $0.47 EPS and FY2026 earnings at $0.45 EPS.

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

Several other research firms have also commented on BTG. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. TD Securities lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, CIBC dropped their target price on B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.02.

B2Gold Trading Up 2.8 %

NYSE:BTG opened at $2.55 on Thursday. The business’s 50-day moving average is $2.54 and its two-hundred day moving average is $2.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.50. The firm has a market capitalization of $3.36 billion, a PE ratio of -4.55, a price-to-earnings-growth ratio of 0.27 and a beta of 1.10.

Hedge Funds Weigh In On B2Gold

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in B2Gold in the fourth quarter valued at approximately $123,000. Sprott Inc. boosted its stake in B2Gold by 10.1% in the fourth quarter. Sprott Inc. now owns 3,081,222 shares of the company’s stock valued at $7,518,000 after acquiring an additional 282,774 shares during the period. Bank of New York Mellon Corp boosted its stake in B2Gold by 146.3% in the fourth quarter. Bank of New York Mellon Corp now owns 546,256 shares of the company’s stock valued at $1,333,000 after acquiring an additional 324,491 shares during the period. KG&L Capital Management LLC boosted its stake in B2Gold by 15.6% in the fourth quarter. KG&L Capital Management LLC now owns 146,000 shares of the company’s stock valued at $356,000 after acquiring an additional 19,700 shares during the period. Finally, Euro Pacific Asset Management LLC boosted its stake in B2Gold by 0.8% in the fourth quarter. Euro Pacific Asset Management LLC now owns 5,677,077 shares of the company’s stock valued at $13,924,000 after acquiring an additional 45,605 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

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.