Cormark Weighs in on B2Gold’s Q1 2018 Earnings (BTO)
B2Gold (TSE:BTO) (NYSE:BTG) – Analysts at Cormark raised their Q1 2018 earnings estimates for B2Gold in a research note issued to investors on Thursday, April 12th. Cormark analyst R. Gray now expects that the company will earn $0.11 per share for the quarter, up from their prior estimate of $0.05. Cormark also issued estimates for B2Gold’s FY2018 earnings at $0.24 EPS.
Several other research analysts have also weighed in on BTO. National Bank Financial raised their price objective on shares of B2Gold from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, January 12th. Scotiabank set a C$5.00 price objective on shares of B2Gold and gave the stock an “outperform” rating in a report on Friday, January 12th. Canaccord Genuity raised their price objective on shares of B2Gold from C$6.00 to C$6.50 in a report on Friday, January 19th. Finally, Eight Capital raised their price objective on shares of B2Gold from C$4.75 to C$5.40 in a report on Thursday, April 12th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$5.55.
B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). The company had revenue of C$220.98 million for the quarter, compared to analyst estimates of C$275.31 million. B2Gold had a return on equity of 3.05% and a net margin of 8.04%.
In other news, Director Bongani Mtshisi sold 100,000 shares of B2Gold stock in a transaction dated Monday, March 19th. The shares were sold at an average price of C$3.69, for a total value of C$369,000.00. Also, insider Eduard Bartz sold 75,000 shares of B2Gold stock in a transaction dated Friday, March 16th. The shares were sold at an average price of C$3.82, for a total transaction of C$286,500.00.
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B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Namibia, Mali, Colombia, Burkina Faso, and Finland. It primarily explores for gold, silver, and copper deposits. The company's production properties include the La Libertad mine with an exploitation concession covering an area of 10,950 hectares and the El Limon mine covering an area of 12,000 hectares located in Nicaragua; the Masbate mine covering an area of approximately 15,209 hectares located in the Philippines; and the Otjikoto mine covering an area of 6,933.99 hectares located in Namibia.
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