Scotiabank Issues Pessimistic Forecast for B2Gold Earnings

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Investment analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of B2Gold in a research report issued to clients and investors on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the basic materials company will earn $0.58 per share for the year, down from their prior estimate of $0.92. The consensus estimate for B2Gold’s current full-year earnings is $0.62 per share.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada dropped their target price on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group decreased their target price on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.50.

B2Gold Price Performance

BTG opened at $3.65 on Monday. The stock has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $4.71. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 0.29 and a beta of 0.66. B2Gold has a 12-month low of $3.31 and a 12-month high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $893.41 million. During the same quarter in the prior year, the company earned $0.09 EPS. The business’s revenue was up 117.7% compared to the same quarter last year.

Hedge Funds Weigh In On B2Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of B2Gold by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after acquiring an additional 38,598 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in B2Gold by 22.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after acquiring an additional 76,384 shares in the last quarter. Ruffer LLP purchased a new position in B2Gold in the fourth quarter worth $2,054,000. Kingswood Wealth Advisors LLC purchased a new position in B2Gold in the fourth quarter worth $65,000. Finally, Concurrent Investment Advisors LLC increased its position in shares of B2Gold by 17.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors.

B2Gold Company Profile

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.