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

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Research analysts at Cormark increased their Q1 2024 earnings per share (EPS) estimates for shares of B2Gold in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.04 per share 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) (TSE:BTO) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $511.97 million for the quarter, compared to analyst estimates of $512.00 million. B2Gold had a return on equity of 9.09% and a net margin of 0.31%. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share.

BTG has been the topic of several other reports. CIBC lowered shares of B2Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $4.20 to $3.60 in a report on Thursday, January 25th. Jefferies Financial Group assumed 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 reduced their target price on B2Gold from $4.00 to $3.50 and set a “sector perform” rating on the stock in a report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.10.

B2Gold Stock Up 1.6 %

Shares of NYSEAMERICAN:BTG opened at $2.62 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 2.27. B2Gold has a 12-month low of $2.34 and a 12-month high of $4.29. The stock’s 50 day simple moving average is $2.88. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 131.57, a PEG ratio of 1.53 and a beta of 1.09.

B2Gold Announces Dividend

The company also recently disclosed 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 6.11%. The ex-dividend date was Wednesday, March 6th. B2Gold’s dividend payout ratio (DPR) is presently 400.20%.

Institutional Trading of B2Gold

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

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.