Cormark Weighs in on B2Gold Corp.’s FY2018 Earnings (BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at Cormark dropped their FY2018 earnings per share estimates for shares of B2Gold in a research report issued on Thursday, November 8th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings per share of $0.18 for the year, down from their prior forecast of $0.20. Cormark also issued estimates for B2Gold’s Q4 2018 earnings at $0.03 EPS and FY2020 earnings at $0.25 EPS.

Shares of NYSEAMERICAN BTG opened at $2.56 on Friday. B2Gold has a twelve month low of $2.10 and a twelve month high of $3.30.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $323.86 million for the quarter, compared to analyst estimates of $323.48 million.

A number of hedge funds have recently modified their holdings of BTG. Van ECK Associates Corp raised its holdings in B2Gold by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 126,356,119 shares of the basic materials company’s stock valued at $326,128,000 after acquiring an additional 8,122,214 shares during the period. Janus Henderson Group PLC raised its holdings in B2Gold by 52.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,155,177 shares of the basic materials company’s stock valued at $7,186,000 after acquiring an additional 1,085,417 shares during the period. Millennium Management LLC raised its holdings in B2Gold by 2,079.4% during the 1st quarter. Millennium Management LLC now owns 884,576 shares of the basic materials company’s stock valued at $2,415,000 after acquiring an additional 843,988 shares during the period. Bank of America Corp DE raised its holdings in B2Gold by 29.7% during the 2nd quarter. Bank of America Corp DE now owns 3,159,780 shares of the basic materials company’s stock valued at $8,152,000 after acquiring an additional 724,350 shares during the period. Finally, Alps Advisors Inc. raised its holdings in B2Gold by 37.4% during the 2nd quarter. Alps Advisors Inc. now owns 2,217,123 shares of the basic materials company’s stock valued at $5,720,000 after acquiring an additional 602,987 shares during the period.

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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