Equities Analysts Issue Forecasts for B2Gold Corp.’s FY2018 Earnings (BTO)
B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark upped their FY2018 earnings per share (EPS) estimates for B2Gold in a research report issued on Wednesday. Cormark analyst R. Gray now expects that the company will post earnings of $0.23 per share for the year, up from their previous estimate of $0.19. Cormark also issued estimates for B2Gold’s FY2019 earnings at $0.28 EPS.
A number of other equities research analysts have also recently commented on the company. Scotiabank set a C$5.00 target price on B2Gold and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial increased their target price on B2Gold from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and issued a C$5.00 target price on shares of B2Gold in a research note on Tuesday, December 5th. Eight Capital increased their target price on B2Gold from C$4.50 to C$4.75 in a research note on Monday, November 27th. Finally, Canaccord Genuity increased their target price on B2Gold from C$5.00 to C$5.50 in a research note on Friday, September 29th. Seven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$5.28.
B2Gold (BTO) traded up C$0.18 during midday trading on Friday, hitting C$3.85. The stock had a trading volume of 4,276,000 shares, compared to its average volume of 3,081,081. B2Gold has a 52-week low of C$2.96 and a 52-week high of C$4.64. The stock has a market capitalization of $3,770.00, a PE ratio of 96.25 and a beta of 0.59.
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