Q1 2024 EPS Estimates for B2Gold Corp. (NYSEAMERICAN:BTG) Raised by Analyst

B2Gold Corp. (NYSEAMERICAN:BTG - Free Report) TSE: BTO - Analysts at Cormark upped their Q1 2024 earnings per share (EPS) estimates for B2Gold in a research report issued on Monday, April 22nd. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.04 for the quarter, up from their prior estimate of $0.03. The consensus estimate for B2Gold's current full-year earnings is $0.25 per share.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The firm had revenue of $511.97 million for the quarter, compared to analyst estimates of $512.00 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business's revenue was down 13.6% on a year-over-year basis.

A number of other equities analysts have also commented on the company. CIBC lowered B2Gold from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $4.20 to $3.60 in a research note on Thursday, January 25th. Jefferies Financial Group began coverage on shares of B2Gold in a research report on Thursday, February 29th. They set a "buy" rating and a $3.50 price objective for the company. Finally, Royal Bank of Canada cut their price target on shares of B2Gold from $4.00 to $3.50 and set a "sector perform" rating on the stock in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, B2Gold has a consensus rating of "Hold" and a consensus target price of $5.10.

B2Gold Trading Up 1.8 %

BTG traded up $0.05 during trading on Thursday, reaching $2.58. 11,185,261 shares of the company's stock were exchanged, compared to its average volume of 12,184,226. The stock has a fifty day moving average price of $2.88. The stock has a market capitalization of $3.35 billion, a PE ratio of 128.81, a PEG ratio of 1.55 and a beta of 1.09. B2Gold has a one year low of $2.34 and a one year high of $4.29. The company has a quick ratio of 1.16, a current ratio of 2.27 and a debt-to-equity ratio of 0.04.

B2Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Thursday, March 7th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Wednesday, March 6th. B2Gold's dividend payout ratio is presently 400.20%.

Hedge Funds Weigh In On B2Gold

Several institutional investors and hedge funds have recently bought and sold shares of BTG. Norges Bank bought a new position in B2Gold in the 4th quarter worth about $50,125,000. Van ECK Associates Corp increased its holdings in shares of B2Gold by 9.0% in the third quarter. Van ECK Associates Corp now owns 155,923,072 shares of the basic materials company's stock worth $450,601,000 after purchasing an additional 12,836,388 shares during the period. Intact Investment Management Inc. increased its holdings in shares of B2Gold by 332.9% in the third quarter. Intact Investment Management Inc. now owns 11,250,230 shares of the basic materials company's stock worth $32,302,000 after purchasing an additional 8,651,430 shares during the period. Vanguard Group Inc. raised its position in shares of B2Gold by 20.3% in the third quarter. Vanguard Group Inc. now owns 48,543,701 shares of the basic materials company's stock worth $140,291,000 after buying an additional 8,177,437 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in B2Gold by 231.0% during the fourth quarter. First Eagle Investment Management LLC now owns 11,204,508 shares of the basic materials company's stock valued at $35,432,000 after buying an additional 7,819,082 shares during the period. 61.40% of the stock is 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.