B2Gold Corp (BTG) to Post FY2018 Earnings of $0.35 Per Share, Clarus Securities Forecasts

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Equities researchers at Clarus Securities dropped their FY2018 earnings estimates for shares of B2Gold in a note issued to investors on Monday. Clarus Securities analyst J. Spratt now anticipates that the basic materials company will post earnings per share of $0.35 for the year, down from their previous estimate of $0.36.

Several other research firms have also commented on BTG. BidaskClub raised shares of B2Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine upgraded shares of B2Gold from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. National Bank Financial upgraded shares of B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.63.

B2Gold (BTG) traded down $0.02 during midday trading on Tuesday, reaching $2.59. 3,083,400 shares of the company’s stock traded hands, compared to its average volume of 4,485,929. B2Gold has a fifty-two week low of $2.02 and a fifty-two week high of $3.55.

A number of institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its holdings in B2Gold by 201.6% during the 3rd quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock worth $177,000 after buying an additional 86,302 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of B2Gold by 202.9% in the 3rd quarter. Jane Street Group LLC now owns 1,234,354 shares of the basic materials company’s stock valued at $3,456,000 after purchasing an additional 826,846 shares in the last quarter. Impala Asset Management LLC acquired a new stake in shares of B2Gold in the 3rd quarter valued at $4,773,000. Mackenzie Financial Corp raised its holdings in shares of B2Gold by 34.8% in the 3rd quarter. Mackenzie Financial Corp now owns 4,610,000 shares of the basic materials company’s stock valued at $12,908,000 after purchasing an additional 1,190,000 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in B2Gold by 159.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 492,121 shares of the basic materials company’s stock worth $1,378,000 after acquiring an additional 302,406 shares in the last quarter.

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