National Bank Financial Predicts Reduced Earnings for B2Gold

B2Gold Corp. (NYSE:BTG) – Research analysts at National Bank Financial cut their FY2025 earnings estimates for B2Gold in a note issued to investors on Monday, February 10th. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.31. The consensus estimate for B2Gold’s current full-year earnings is $0.21 per share.

Other equities research analysts have also recently issued reports about the company. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. StockNews.com lowered B2Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. CIBC cut their target price on shares of B2Gold from $3.70 to $3.30 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, TD Securities cut shares of B2Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.02.

B2Gold Stock Performance

Shares of B2Gold stock opened at $2.53 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $2.52 and a 200 day simple moving average of $2.83. B2Gold has a fifty-two week low of $2.20 and a fifty-two week high of $3.50. The firm has a market cap of $3.33 billion, a P/E ratio of -4.52, a P/E/G ratio of 0.28 and a beta of 1.10.

Institutional Trading of B2Gold

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Old West Investment Management LLC bought a new stake in B2Gold in the third quarter valued at approximately $670,000. FMR LLC increased its position in shares of B2Gold by 0.7% in the 3rd quarter. FMR LLC now owns 59,489,129 shares of the company’s stock valued at $183,862,000 after buying an additional 438,399 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in B2Gold during the 3rd quarter worth $2,636,000. Geode Capital Management LLC lifted its holdings in B2Gold by 46.7% during the third quarter. Geode Capital Management LLC now owns 2,075,521 shares of the company’s stock worth $7,544,000 after acquiring an additional 661,107 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in B2Gold by 62.0% in the third quarter. BNP Paribas Financial Markets now owns 95,482 shares of the company’s stock valued at $294,000 after acquiring an additional 36,555 shares during the period. 61.40% of the stock is owned by institutional investors.

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.