B2Gold Corp Expected to Post FY2018 Earnings of $0.35 Per Share (BTG)

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.

Shares of B2Gold (BTG) traded down $0.05 during midday trading on Tuesday, reaching $2.55. The company’s stock had a trading volume of 2,245,000 shares, compared to its average volume of 4,492,393. B2Gold has a 1-year low of $2.02 and a 1-year high of $3.55.

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.

ILLEGAL ACTIVITY WARNING: This article was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://stocknewstimes.com/2017/12/06/b2gold-corp-expected-to-post-fy2018-earnings-of-0-35-per-share-btg.html.

B2Gold Company Profile

Receive News & Ratings for B2Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply