National Bank Financial Raises Earnings Estimates for B2Gold

Key Points

• National Bank Financial has raised its FY2025 earnings estimates for B2Gold to $0.76 per share, an increase from the previous forecast of $0.74.
• B2Gold's recent earnings report showed a 40.5% year-over-year revenue increase but a quarterly EPS of $0.12, missing the consensus estimate of $0.13.
• The company provided a quarterly dividend of $0.02 per share, representing an annualized yield of 1.6% and a negative dividend payout ratio of -22.86%.

B2Gold Corp. (NYSE:BTG - Free Report) - National Bank Financial raised their FY2025 earnings estimates for B2Gold in a research note issued on Tuesday, September 23rd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.76 for the year, up from their prior forecast of $0.74. The consensus estimate for B2Gold's current full-year earnings is $0.40 per share. National Bank Financial also issued estimates for B2Gold's FY2026 earnings at $1.05 EPS.

B2Gold (NYSE:BTG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%.The business's revenue was up 40.5% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS.

BTG has been the subject of a number of other research reports. CIBC reissued a "neutral" rating and issued a $4.00 target price (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Zacks Research cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial upgraded shares of B2Gold to a "moderate buy" rating and set a $4.50 target price on the stock in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, B2Gold has a consensus rating of "Hold" and an average price target of $4.50.

B2Gold Price Performance

B2Gold stock opened at $4.85 on Friday. The stock's 50 day moving average price is $3.97 and its 200 day moving average price is $3.52. B2Gold has a 1-year low of $2.20 and a 1-year high of $4.99. The company has a market cap of $6.42 billion, a PE ratio of -10.10, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in B2Gold by 119.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 34,306,804 shares of the company's stock valued at $123,897,000 after buying an additional 18,703,995 shares during the last quarter. Norges Bank purchased a new stake in B2Gold during the 2nd quarter worth about $60,516,000. Pale Fire Capital SE raised its stake in B2Gold by 23.7% in the 1st quarter. Pale Fire Capital SE now owns 64,838,409 shares of the company's stock valued at $184,789,000 after purchasing an additional 12,419,383 shares during the last quarter. Nuveen LLC acquired a new stake in shares of B2Gold during the 1st quarter worth about $24,949,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of B2Gold by 181.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company's stock worth $23,253,000 after buying an additional 5,262,266 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. B2Gold's dividend payout ratio (DPR) is -22.86%.

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.

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