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

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Equities researchers at Cormark upped their Q1 2024 earnings per share (EPS) estimates for B2Gold in a note issued to 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 previous 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 posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $512.00 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was down 13.6% compared to the same quarter last year.

BTG has been the subject of a number of other research reports. CIBC lowered shares of B2Gold from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $4.20 to $3.60 in a research report on Thursday, January 25th. Jefferies Financial Group began coverage on B2Gold in a report on Thursday, February 29th. They set a “buy” rating and a $3.50 price target on the stock. 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 report on Thursday, March 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, B2Gold presently has an average rating of “Hold” and an average target price of $5.10.

B2Gold Stock Up 1.6 %

Shares of B2Gold stock opened at $2.62 on Thursday. B2Gold has a 52 week low of $2.34 and a 52 week 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. The stock has a market capitalization of $3.41 billion, a P/E ratio of 131.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The firm has a 50-day simple moving average of $2.88.

Hedge Funds Weigh In On B2Gold

Several institutional investors have recently made changes to their positions in BTG. Independent Wealth Network Inc. bought a new position in B2Gold during the 1st quarter worth about $26,000. Wesbanco Bank Inc. purchased a new stake in shares of B2Gold in the 1st quarter worth approximately $27,000. Stableford Capital II LLC bought a new position in shares of B2Gold during the first quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. purchased a new position in B2Gold during the third quarter valued at approximately $35,000. Finally, Private Advisor Group LLC purchased a new stake in B2Gold during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.16 annualized dividend and a yield of 6.11%. B2Gold’s payout ratio is currently 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.