Brokers Issue Forecasts for B2Gold’s Q4 Earnings (NYSE:BTG)

B2Gold Corp. (NYSE:BTG) – Research analysts at National Bank Financial decreased their Q4 2024 earnings estimates for shares of B2Gold in a research note issued on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.07. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share.

BTG has been the subject of several other research reports. Bank of America downgraded B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. CIBC dropped their price target on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. TD Securities lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.02.

B2Gold Stock Up 1.2 %

BTG opened at $2.56 on Thursday. B2Gold has a 12 month low of $2.20 and a 12 month high of $3.50. The company has a current ratio of 1.83, a quick ratio of 1.08 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $2.51 and its 200-day moving average price is $2.82. The company has a market cap of $3.37 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.28 and a beta of 1.10.

Institutional Trading of B2Gold

Several large investors have recently bought and sold shares of BTG. Van ECK Associates Corp lifted its stake in shares of B2Gold by 40.6% in the 3rd quarter. Van ECK Associates Corp now owns 166,079,133 shares of the company’s stock valued at $566,312,000 after purchasing an additional 47,967,010 shares during the period. Norges Bank bought a new position in B2Gold in the fourth quarter worth $40,192,000. Two Sigma Advisers LP raised its holdings in B2Gold by 66.9% in the third quarter. Two Sigma Advisers LP now owns 17,875,880 shares of the company’s stock worth $55,058,000 after purchasing an additional 7,165,600 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of B2Gold by 31.3% during the 4th quarter. American Century Companies Inc. now owns 22,658,771 shares of the company’s stock valued at $55,436,000 after buying an additional 5,401,334 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 acquiring an additional 4,754,500 shares in the last quarter. 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.