B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Stock analysts at Clarus Securities reduced their FY2018 earnings per share estimates for B2Gold in a report issued on Monday. Clarus Securities analyst J. Spratt now expects that the basic materials company will earn $0.35 per share for the year, down from their previous estimate of $0.36.
A number of other equities analysts have also commented on the company. BidaskClub lowered B2Gold from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine raised B2Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised B2Gold from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a report on Wednesday, October 11th. Finally, National Bank Financial raised B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. B2Gold currently has an average rating of “Hold” and a consensus price target of $3.63.
Several hedge funds and other institutional investors have recently bought and sold shares of BTG. Fiera Capital Corp grew its stake in shares of B2Gold by 179.7% in the second quarter. Fiera Capital Corp now owns 12,269,842 shares of the basic materials company’s stock worth $34,474,000 after purchasing an additional 7,882,420 shares during the last quarter. Investec Asset Management LTD grew its stake in shares of B2Gold by 95.9% in the second quarter. Investec Asset Management LTD now owns 8,008,431 shares of the basic materials company’s stock worth $22,508,000 after purchasing an additional 3,920,306 shares during the last quarter. Van ECK Associates Corp boosted its position in B2Gold by 3.2% during the 3rd quarter. Van ECK Associates Corp now owns 109,540,396 shares of the basic materials company’s stock valued at $306,397,000 after acquiring an additional 3,430,421 shares in the last quarter. Ninepoint Partners LP bought a new stake in B2Gold during the 3rd quarter valued at approximately $8,709,000. Finally, FMR LLC boosted its position in B2Gold by 2.1% during the 2nd quarter. FMR LLC now owns 142,965,162 shares of the basic materials company’s stock valued at $402,393,000 after acquiring an additional 2,959,222 shares in the last quarter.
B2Gold Company Profile
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