B2Gold Corp. (NYSEAMERICAN:BTG) Forecasted to Post Q1 2024 Earnings of $0.04 Per Share

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of B2Gold in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst D. Demarco forecasts that the basic materials company will earn $0.04 per share for the quarter. The consensus estimate for B2Gold’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for B2Gold’s FY2024 earnings at $0.29 EPS.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $511.97 million during the quarter, compared to analyst estimates of $512.00 million. B2Gold had a net margin of 0.31% and a return on equity of 9.09%. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share.

Other analysts have also recently issued reports about the company. Jefferies Financial Group assumed coverage on B2Gold in a research report on Thursday, February 29th. They issued a “buy” rating and a $3.50 target price for the company. CIBC downgraded B2Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $4.20 to $3.60 in a research note on Thursday, January 25th. Finally, Royal Bank of Canada reduced their price objective on B2Gold from $4.00 to $3.50 and set a “sector perform” rating for the company in a research note on Thursday, March 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and an average price target of $5.10.

B2Gold Stock Up 2.0 %

Shares of NYSEAMERICAN BTG opened at $2.56 on Monday. The firm has a market cap of $3.34 billion, a PE ratio of 128.06, a PEG ratio of 1.66 and a beta of 1.09. The company has a current ratio of 2.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. B2Gold has a 52-week low of $2.34 and a 52-week high of $4.29. The firm has a 50-day moving average price of $2.88.

Hedge Funds Weigh In On B2Gold

A number of large investors have recently modified their holdings of BTG. Independent Wealth Network Inc. purchased a new position in shares of B2Gold during the 1st quarter worth approximately $26,000. Wesbanco Bank Inc. purchased a new position in shares of B2Gold during the 1st quarter worth approximately $27,000. Stableford Capital II LLC purchased a new position in shares of B2Gold during the 1st quarter worth approximately $34,000. C M Bidwell & Associates Ltd. purchased a new position in shares of B2Gold during the 3rd quarter worth approximately $35,000. Finally, Private Advisor Group LLC purchased a new position in shares of B2Gold during the 4th quarter worth approximately $38,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Wednesday, March 6th. B2Gold’s dividend payout ratio is presently 400.20%.

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.