FY2019 EPS Estimates for B2Gold Corp. Lifted by Analyst (NYSEAMERICAN:BTG)
B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Investment analysts at Raymond James upped their FY2019 earnings estimates for B2Gold in a research note issued to investors on Thursday, November 7th. Raymond James analyst T. Hassan now forecasts that the basic materials company will earn $0.25 per share for the year, up from their previous forecast of $0.23. Raymond James has a “Buy” rating and a $6.25 price objective on the stock.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $310.78 million during the quarter.
B2Gold stock opened at $3.40 on Monday. B2Gold has a 12 month low of $2.40 and a 12 month high of $4.02.
A number of institutional investors have recently added to or reduced their stakes in BTG. Amundi Pioneer Asset Management Inc. boosted its holdings in B2Gold by 32.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,363,967 shares of the basic materials company’s stock worth $12,263,000 after acquiring an additional 1,077,927 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of B2Gold by 7.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 528,113 shares of the basic materials company’s stock valued at $1,600,000 after purchasing an additional 36,073 shares in the last quarter. Tuttle Tactical Management bought a new position in shares of B2Gold during the second quarter valued at $134,000. ARP Americas LP lifted its holdings in shares of B2Gold by 17.8% during the second quarter. ARP Americas LP now owns 167,560 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 25,360 shares in the last quarter. Finally, AGF Investments Inc. lifted its holdings in shares of B2Gold by 10.9% during the second quarter. AGF Investments Inc. now owns 1,280,260 shares of the basic materials company’s stock valued at $3,891,000 after purchasing an additional 126,178 shares in the last quarter.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
Further Reading: Cost of Equity For A Business, Investors
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