Cormark Has Optimistic Outlook of B2Gold Q2 Earnings

B2Gold Corp. (NYSE:BTG - Free Report) - Equities researchers at Cormark raised their Q2 2025 earnings estimates for B2Gold in a report released on Tuesday, July 15th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.13 for the quarter, up from their previous forecast of $0.10. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.40 per share. Cormark also issued estimates for B2Gold's FY2025 earnings at $0.57 EPS.

A number of other equities analysts also recently commented on BTG. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating and set a $4.50 price objective for the company in a report on Monday, June 30th. Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Wall Street Zen raised shares of B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. CIBC reaffirmed a "neutral" rating and issued a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a report on Tuesday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of B2Gold in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.31.

B2Gold Stock Down 2.3%

Shares of BTG stock traded down $0.08 during mid-day trading on Wednesday, reaching $3.33. 24,794,936 shares of the company were exchanged, compared to its average volume of 30,219,887. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $3.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. The company has a market capitalization of $4.41 billion, a P/E ratio of -6.94, a P/E/G ratio of 0.33 and a beta of 0.45. The business's 50 day simple moving average is $3.48 and its 200 day simple moving average is $3.03.

B2Gold (NYSE:BTG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. B2Gold had a negative net margin of 33.12% and a positive return on equity of 5.65%. During the same quarter in the prior year, the company earned $0.06 earnings per share. B2Gold's quarterly revenue was up 15.3% compared to the same quarter last year.

B2Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Wednesday, June 11th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Wednesday, June 11th. B2Gold's payout ratio is -17.02%.

Institutional Investors Weigh In On B2Gold

A number of hedge funds have recently added to or reduced their stakes in BTG. Cantor Fitzgerald L. P. bought a new stake in shares of B2Gold during the fourth quarter valued at about $25,000. Independent Wealth Network Inc. bought a new stake in shares of B2Gold during the first quarter valued at about $28,000. Groupama Asset Managment bought a new stake in shares of B2Gold during the fourth quarter valued at about $29,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of B2Gold during the fourth quarter valued at about $30,000. Finally, Kercheville Advisors LLC bought a new stake in shares of B2Gold during the first quarter valued at about $31,000. 61.40% of the stock is currently owned by institutional investors.

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.