Cormark Research Analysts Increase Earnings Estimates for B2Gold Corp (BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Research analysts at Cormark upped their FY2017 EPS estimates for B2Gold in a research note issued to investors on Tuesday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.09 per share for the year, up from their prior forecast of $0.05. Cormark also issued estimates for B2Gold’s FY2018 earnings at $0.16 EPS.

Several other research analysts have also recently issued reports on BTG. BidaskClub raised shares of B2Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine raised shares of B2Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. National Bank Financial raised shares of B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a 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 target on the stock in a research report on Wednesday, October 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $3.63.

B2Gold (NYSEAMERICAN BTG) opened at $2.61 on Wednesday. B2Gold has a fifty-two week low of $2.02 and a fifty-two week high of $3.55.

Hedge funds have recently added to or reduced their stakes in the stock. Ninepoint Partners LP acquired a new stake in B2Gold during the third quarter valued at $8,709,000. Vanguard Group Inc. grew its position in shares of B2Gold by 5.3% in the second quarter. Vanguard Group Inc. now owns 19,525,005 shares of the basic materials company’s stock valued at $54,865,000 after purchasing an additional 988,028 shares during the period. Scotia Capital Inc. grew its position in shares of B2Gold by 179.1% in the second quarter. Scotia Capital Inc. now owns 292,997 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 188,013 shares during the period. Toronto Dominion Bank grew its position in shares of B2Gold by 412.3% in the second quarter. Toronto Dominion Bank now owns 1,172,378 shares of the basic materials company’s stock valued at $3,300,000 after purchasing an additional 943,534 shares during the period. Finally, Bank of Nova Scotia grew its position in shares of B2Gold by 106.3% in the second quarter. Bank of Nova Scotia now owns 273,239 shares of the basic materials company’s stock valued at $769,000 after purchasing an additional 140,776 shares during the period.

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