B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Investment analysts at Cormark cut their Q4 2017 earnings per share estimates for B2Gold in a research report issued on Tuesday, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.07.
Separately, BidaskClub upgraded B2Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.63.
B2Gold (NYSEAMERICAN:BTG) opened at $3.02 on Friday. The company has a market capitalization of $2,850.00, a PE ratio of 75.50 and a beta of 0.80. B2Gold has a 52 week low of $2.15 and a 52 week high of $3.55.
Several large investors have recently added to or reduced their stakes in BTG. Impala Asset Management LLC grew its holdings in shares of B2Gold by 237.0% during the fourth quarter. Impala Asset Management LLC now owns 5,838,589 shares of the basic materials company’s stock worth $18,084,000 after purchasing an additional 4,106,289 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of B2Gold by 80.7% during the fourth quarter. Mackenzie Financial Corp now owns 8,331,500 shares of the basic materials company’s stock worth $25,828,000 after purchasing an additional 3,721,500 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of B2Gold by 3.2% during the third quarter. Van ECK Associates Corp now owns 109,540,396 shares of the basic materials company’s stock worth $306,397,000 after purchasing an additional 3,430,421 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of B2Gold during the fourth quarter worth about $10,529,000. Finally, Ninepoint Partners LP bought a new stake in shares of B2Gold during the third quarter worth about $8,709,000.
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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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