Cormark Has Pessimistic Outlook of B2Gold FY2025 Earnings

B2Gold Corp. (NYSE:BTG) – Research analysts at Cormark decreased their FY2025 earnings estimates for shares of B2Gold in a research note issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.36 for the year, down from their prior forecast of $0.38. Cormark has a “Hold” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.24 per share.

Other equities research analysts have also recently issued research reports about the stock. CIBC increased their price target on shares of B2Gold from $3.30 to $3.60 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $3.75 target price on shares of B2Gold in a research note on Tuesday, September 17th. Jefferies Financial Group boosted their price target on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a report on Friday, October 4th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, StockNews.com cut B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, B2Gold has a consensus rating of “Hold” and an average price target of $4.12.

B2Gold Stock Performance

NYSE:BTG opened at $2.70 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.83. B2Gold has a fifty-two week low of $2.34 and a fifty-two week high of $3.50. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -4.89, a PEG ratio of 2.32 and a beta of 1.13. The company’s 50 day moving average is $3.16.

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

B2Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.94%. B2Gold’s dividend payout ratio (DPR) is -28.57%.

Institutional Investors Weigh In On B2Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTG. Van ECK Associates Corp boosted its holdings in B2Gold by 40.6% in the third quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock worth $566,312,000 after acquiring an additional 47,967,010 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in B2Gold by 69.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,596,488 shares of the company’s stock worth $35,837,000 after purchasing an additional 4,754,500 shares in the last quarter. American Century Companies Inc. grew its position in B2Gold by 39.4% during the 2nd quarter. American Century Companies Inc. now owns 12,284,484 shares of the company’s stock valued at $33,053,000 after purchasing an additional 3,474,553 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in B2Gold by 80.0% in the second quarter. The Manufacturers Life Insurance Company now owns 7,450,283 shares of the company’s stock worth $19,957,000 after buying an additional 3,311,970 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of B2Gold in the second quarter worth approximately $6,912,000. 61.40% of the stock is owned by hedge funds and other 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.