B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Analysts at Cormark upped their Q1 2020 earnings per share estimates for B2Gold in a report released on Friday, May 31st, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.07. Cormark also issued estimates for B2Gold’s Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.08 EPS and FY2020 earnings at $0.31 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of B2Gold from a “buy” rating to a “hold” rating and set a $2.50 target price for the company. in a research report on Tuesday, May 28th. Canaccord Genuity started coverage on shares of B2Gold in a research report on Wednesday, April 24th. They set a “buy” rating for the company. Finally, TheStreet lowered shares of B2Gold from a “b-” rating to a “c+” rating in a research report on Tuesday, April 2nd.
NYSEAMERICAN:BTG traded up $0.05 during mid-day trading on Monday, hitting $2.83. 6,002,525 shares of the stock traded hands, compared to its average volume of 4,333,833. B2Gold has a 12-month low of $2.10 and a 12-month high of $3.35.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $301.66 million for the quarter, compared to analysts’ expectations of $299.67 million.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of B2Gold by 1.4% in the 4th quarter. Van ECK Associates Corp now owns 137,124,192 shares of the basic materials company’s stock worth $400,403,000 after acquiring an additional 1,924,476 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of B2Gold by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,579,327 shares of the basic materials company’s stock worth $54,232,000 after acquiring an additional 1,181,591 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of B2Gold by 6.0% in the 1st quarter. Fiera Capital Corp now owns 15,501,150 shares of the basic materials company’s stock worth $43,371,000 after acquiring an additional 875,271 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of B2Gold by 67.5% in the 4th quarter. Investec Asset Management LTD now owns 14,342,281 shares of the basic materials company’s stock worth $41,899,000 after acquiring an additional 5,777,359 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of B2Gold by 81.7% in the fourth quarter. Deutsche Bank AG now owns 11,069,317 shares of the basic materials company’s stock worth $32,321,000 after buying an additional 4,977,143 shares during the period.
About B2Gold
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.