Analysts Issue Forecasts for B2Gold Corp.’s FY2020 Earnings (NYSEAMERICAN:BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Investment analysts at National Bank Financial raised their FY2020 EPS estimates for shares of B2Gold in a research report issued to clients and investors on Wednesday, March 27th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will earn $0.27 per share for the year, up from their prior forecast of $0.20.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Tuesday, March 12th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $272.11 million during the quarter, compared to analysts’ expectations of $271.38 million.

BTG has been the topic of several other research reports. TheStreet cut shares of B2Gold from a “b-” rating to a “c+” rating in a report on Tuesday, April 2nd. Zacks Investment Research cut shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, January 25th.

Shares of NYSEAMERICAN:BTG traded down $0.03 during trading on Monday, hitting $2.73. 2,915,900 shares of the company were exchanged, compared to its average volume of 4,600,785. B2Gold has a 52-week low of $2.10 and a 52-week high of $3.35.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in B2Gold in the fourth quarter worth about $44,000. Highland Capital Management LLC bought a new position in shares of B2Gold during the fourth quarter valued at approximately $44,000. CIBC Asset Management Inc increased its stake in shares of B2Gold by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 989,646 shares of the basic materials company’s stock valued at $2,893,000 after purchasing an additional 16,622 shares in the last quarter. Sigma Planning Corp bought a new position in shares of B2Gold during the fourth quarter valued at approximately $50,000. Finally, BlackRock Inc. increased its stake in shares of B2Gold by 5.3% during the fourth quarter. BlackRock Inc. now owns 520,157 shares of the basic materials company’s stock valued at $1,519,000 after purchasing an additional 26,042 shares in the last quarter.

B2Gold Company Profile

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.

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Earnings History and Estimates for B2Gold (NYSEAMERICAN:BTG)

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