B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark decreased their FY2019 earnings estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, December 4th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.24 for the year, down from their prior estimate of $0.31.
Several other analysts have also recently weighed in on BTO. Canaccord Genuity reduced their price target on B2Gold from C$6.50 to C$6.00 in a report on Thursday, October 18th. Pi Financial reduced their price target on B2Gold from C$5.25 to C$5.10 and set a “buy” rating on the stock in a report on Friday, September 28th. Finally, Raymond James restated an “outperform” rating and set a C$4.50 price target on shares of B2Gold in a report on Friday, October 26th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$5.34.
TSE:BTO opened at C$3.38 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.79 and a debt-to-equity ratio of 44.21. B2Gold has a 1-year low of C$2.77 and a 1-year high of C$4.06.
B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Tuesday, November 6th. The company reported C$0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.07. The business had revenue of C$423.25 million during the quarter, compared to the consensus estimate of C$421.82 million.
In other news, insider Roger Richer sold 20,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of C$2.92, for a total transaction of C$58,400.00. Also, Director Kevin Bullock sold 50,000 shares of B2Gold stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of C$3.47, for a total value of C$173,500.00. Over the last 90 days, insiders have sold 185,000 shares of company stock worth $628,400.
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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