B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at Cormark lowered their Q4 2017 earnings per share (EPS) estimates for shares of B2Gold in a report released on Tuesday. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.07.
Separately, BidaskClub upgraded shares of B2Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.63.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of B2Gold by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,675 shares of the basic materials company’s stock worth $370,000 after acquiring an additional 954 shares during the period. ARP Americas LLC lifted its holdings in shares of B2Gold by 63.7% during the 3rd quarter. ARP Americas LLC now owns 69,666 shares of the basic materials company’s stock worth $192,000 after acquiring an additional 27,100 shares during the period. Point View Wealth Management Inc. bought a new position in shares of B2Gold during the 4th quarter worth about $100,000. Swiss National Bank lifted its holdings in shares of B2Gold by 2.1% during the 4th quarter. Swiss National Bank now owns 1,655,029 shares of the basic materials company’s stock worth $5,113,000 after acquiring an additional 33,500 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of B2Gold during the 4th quarter worth about $117,000.
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B2Gold Company Profile
B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).
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