B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – National Bank Financial upped their FY2017 earnings estimates for B2Gold in a note issued to investors on Wednesday. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings of $0.08 per share for the year, up from their prior forecast of $0.07. National Bank Financial also issued estimates for B2Gold’s FY2018 earnings at $0.25 EPS.
A number of other analysts have also recently weighed in on BTG. Zacks Investment Research cut shares of B2Gold from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub raised shares of B2Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. B2Gold presently has a consensus rating of “Hold” and an average price target of $3.63.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.01 earnings per share for the quarter.
A number of large investors have recently added to or reduced their stakes in BTG. BlueCrest Capital Management Ltd acquired a new position in B2Gold in the second quarter valued at about $112,000. Quantitative Systematic Strategies LLC acquired a new position in B2Gold in the fourth quarter valued at about $117,000. Alliancebernstein L.P. acquired a new position in shares of B2Gold during the second quarter worth approximately $124,000. Virtu Financial LLC lifted its position in shares of B2Gold by 201.6% during the third quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 86,302 shares in the last quarter. Finally, ARP Americas LLC lifted its position in shares of B2Gold by 63.7% during the third quarter. ARP Americas LLC now owns 69,666 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 27,100 shares in the last quarter.
B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).
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