B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Research analysts at National Bank Financial boosted their Q2 2021 earnings estimates for B2Gold in a note issued to investors on Sunday, July 18th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings of $0.07 per share for the quarter, up from their prior estimate of $0.06. National Bank Financial also issued estimates for B2Gold’s FY2021 earnings at $0.50 EPS and FY2023 earnings at $0.35 EPS.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Monday, May 3rd. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $362.30 million during the quarter, compared to analysts’ expectations of $362.37 million. B2Gold had a net margin of 36.55% and a return on equity of 20.57%.
BTG stock opened at $4.04 on Tuesday. The company has a current ratio of 2.91, a quick ratio of 2.03 and a debt-to-equity ratio of 0.02. B2Gold has a one year low of $3.84 and a one year high of $7.55. The stock has a market cap of $4.26 billion, a PE ratio of 6.52, a PEG ratio of 1.16 and a beta of 0.90. The business has a 50 day moving average of $5.84.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 22nd were issued a $0.04 dividend. The ex-dividend date was Monday, June 21st. This represents a $0.16 annualized dividend and a yield of 3.96%. B2Gold’s dividend payout ratio (DPR) is presently 16.33%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of B2Gold in the 4th quarter worth about $67,762,000. Renaissance Technologies LLC grew its position in shares of B2Gold by 4.3% in the 1st quarter. Renaissance Technologies LLC now owns 42,262,955 shares of the basic materials company’s stock worth $182,130,000 after buying an additional 1,756,100 shares during the period. Ninety One UK Ltd grew its position in shares of B2Gold by 16.1% in the 1st quarter. Ninety One UK Ltd now owns 11,529,671 shares of the basic materials company’s stock worth $49,628,000 after buying an additional 1,595,938 shares during the period. Morgan Stanley grew its position in shares of B2Gold by 39.7% in the 1st quarter. Morgan Stanley now owns 4,968,296 shares of the basic materials company’s stock worth $21,414,000 after buying an additional 1,410,632 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of B2Gold by 85.7% in the 1st quarter. Schroder Investment Management Group now owns 2,757,952 shares of the basic materials company’s stock worth $14,920,000 after buying an additional 1,273,151 shares during the period. Institutional investors and hedge funds own 54.99% of the company’s stock.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.
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