FY2018 EPS Estimates for B2Gold Corp. Cut by Analyst (BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Cormark lowered their FY2018 EPS estimates for shares of B2Gold in a research note issued on Thursday, November 8th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.18 per share for the year, down from their prior estimate of $0.20. Cormark also issued estimates for B2Gold’s Q4 2018 earnings at $0.03 EPS and FY2020 earnings at $0.25 EPS.

B2Gold stock opened at $2.55 on Friday. B2Gold has a 12-month low of $2.10 and a 12-month high of $3.30.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $323.86 million during the quarter, compared to the consensus estimate of $323.48 million.

A number of institutional investors and hedge funds have recently modified their holdings of BTG. Millennium Management LLC boosted its holdings in B2Gold by 2,079.4% during the first quarter. Millennium Management LLC now owns 884,576 shares of the basic materials company’s stock worth $2,415,000 after buying an additional 843,988 shares during the last quarter. Hexavest Inc. boosted its holdings in B2Gold by 1.2% during the second quarter. Hexavest Inc. now owns 1,853,896 shares of the basic materials company’s stock worth $4,800,000 after buying an additional 21,902 shares during the last quarter. Alps Advisors Inc. boosted its holdings in B2Gold by 19.0% during the second quarter. Alps Advisors Inc. now owns 1,920,576 shares of the basic materials company’s stock worth $5,954,000 after buying an additional 306,440 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in B2Gold by 8.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,522,498 shares of the basic materials company’s stock worth $11,724,000 after buying an additional 358,600 shares during the last quarter. Finally, Oxbow Advisors LLC acquired a new stake in shares of B2Gold during the second quarter worth about $234,000.

About B2Gold

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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Earnings History and Estimates for B2Gold (NYSEAMERICAN:BTG)

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