B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at Clarus Securities decreased their FY2018 earnings per share (EPS) estimates for B2Gold in a note issued to investors on Monday. Clarus Securities analyst J. Spratt now anticipates that the basic materials company will post earnings of $0.35 per share for the year, down from their previous forecast of $0.36.
Several other research analysts have also recently issued reports on the company. BidaskClub raised B2Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut B2Gold from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. National Bank Financial raised B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, September 25th. Finally, ValuEngine raised B2Gold from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $3.63.
B2Gold (BTG) traded down $0.05 on Tuesday, hitting $2.55. The stock had a trading volume of 2,245,029 shares, compared to its average volume of 4,492,393. B2Gold has a 1 year low of $2.02 and a 1 year high of $3.55.
Several institutional investors and hedge funds have recently modified their holdings of BTG. Fiera Capital Corp lifted its holdings in shares of B2Gold by 179.7% during the 2nd quarter. Fiera Capital Corp now owns 12,269,842 shares of the basic materials company’s stock valued at $34,474,000 after purchasing an additional 7,882,420 shares during the last quarter. Investec Asset Management LTD raised its stake in B2Gold by 95.9% in the 2nd quarter. Investec Asset Management LTD now owns 8,008,431 shares of the basic materials company’s stock worth $22,508,000 after acquiring an additional 3,920,306 shares during the last quarter. Van ECK Associates Corp raised its stake in B2Gold by 3.2% in the 3rd quarter. Van ECK Associates Corp now owns 109,540,396 shares of the basic materials company’s stock worth $306,397,000 after acquiring an additional 3,430,421 shares during the last quarter. Ninepoint Partners LP purchased a new position in B2Gold in the 3rd quarter worth $8,709,000. Finally, FMR LLC raised its stake in B2Gold by 2.1% in the 2nd quarter. FMR LLC now owns 142,965,162 shares of the basic materials company’s stock worth $402,393,000 after acquiring an additional 2,959,222 shares during the last quarter.
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