B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Cormark increased their Q3 2018 earnings estimates for shares of B2Gold in a note issued to investors on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.05 for the quarter, up from their previous estimate of $0.04.
NYSEAMERICAN BTG opened at $2.59 on Thursday. B2Gold has a 12 month low of $2.10 and a 12 month high of $3.30.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Tuesday, August 7th. The basic materials company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $284.81 million during the quarter, compared to the consensus estimate of $285.55 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its holdings in shares of B2Gold by 37.4% in the 2nd quarter. Alps Advisors Inc. now owns 2,217,123 shares of the basic materials company’s stock worth $5,720,000 after purchasing an additional 602,987 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of B2Gold by 90.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,069,760 shares of the basic materials company’s stock worth $5,359,000 after purchasing an additional 983,700 shares in the last quarter. Oxbow Advisors LLC bought a new stake in shares of B2Gold in the 2nd quarter worth approximately $234,000. Midas Management Corp raised its holdings in shares of B2Gold by 37.5% in the 3rd quarter. Midas Management Corp now owns 275,000 shares of the basic materials company’s stock worth $633,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of B2Gold by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 126,356,119 shares of the basic materials company’s stock worth $326,128,000 after purchasing an additional 8,122,214 shares in the last quarter.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
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