B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Research analysts at Raymond James increased their FY2019 EPS estimates for shares of B2Gold in a report issued on Wednesday, May 8th. Raymond James analyst T. Hassan now expects that the basic materials company will post earnings per share of $0.12 for the year, up from their prior estimate of $0.11.
BTG has been the subject of several other research reports. TheStreet cut B2Gold from a “b-” rating to a “c+” rating in a report on Tuesday, April 2nd. Zacks Investment Research lowered B2Gold from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Canaccord Genuity began coverage on B2Gold in a research note on Wednesday, April 24th. They set a “buy” rating for the company.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $301.66 million during the quarter, compared to analysts’ expectations of $299.67 million.
A number of large investors have recently added to or reduced their stakes in the business. Highland Capital Management LLC acquired a new stake in shares of B2Gold in the fourth quarter valued at $44,000. Private Advisor Group LLC purchased a new position in B2Gold in the fourth quarter valued at $44,000. Sigma Planning Corp purchased a new position in B2Gold in the fourth quarter valued at $50,000. Beutel Goodman & Co Ltd. purchased a new position in shares of B2Gold during the first quarter worth about $56,000. Finally, Advisor Group Inc. grew its holdings in shares of B2Gold by 52.9% during the first quarter. Advisor Group Inc. now owns 26,000 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 9,000 shares during the last quarter.
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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