FY2017 EPS Estimates for B2Gold Corp (BTG) Raised by Cormark
B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Investment analysts at Cormark raised their FY2017 earnings per share (EPS) estimates for shares of B2Gold in a report issued on Friday. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.11 per share for the year, up from their prior forecast of $0.10. Cormark also issued estimates for B2Gold’s Q4 2017 earnings at $0.07 EPS.
Several other research firms also recently issued reports on BTG. National Bank Financial upgraded B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, September 25th. Zacks Investment Research raised shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of B2Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. B2Gold has a consensus rating of “Hold” and an average price target of $3.63.
Institutional investors have recently added to or reduced their stakes in the company. Ninepoint Partners LP bought a new position in shares of B2Gold in the third quarter worth $8,709,000. Vanguard Group Inc. increased its holdings in shares of B2Gold by 5.3% in the second quarter. Vanguard Group Inc. now owns 19,525,005 shares of the basic materials company’s stock worth $54,865,000 after purchasing an additional 988,028 shares during the period. Scotia Capital Inc. increased its holdings in shares of B2Gold by 179.1% in the second quarter. Scotia Capital Inc. now owns 292,997 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 188,013 shares during the period. Toronto Dominion Bank increased its holdings in shares of B2Gold by 412.3% in the second quarter. Toronto Dominion Bank now owns 1,172,378 shares of the basic materials company’s stock worth $3,300,000 after purchasing an additional 943,534 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of B2Gold by 3.2% in the third quarter. Van ECK Associates Corp now owns 109,540,396 shares of the basic materials company’s stock worth $306,397,000 after purchasing an additional 3,430,421 shares during the period.
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B2Gold Company Profile
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