What is Scotiabank’s Estimate for B2Gold FY2027 Earnings?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Scotiabank cut their FY2027 EPS estimates for B2Gold in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst O. Habib now expects that the basic materials company will post earnings of $0.58 per share for the year, down from their previous forecast of $0.92. The consensus estimate for B2Gold’s current full-year earnings is $0.58 per share.

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

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

B2Gold Price Performance

Shares of NYSEAMERICAN:BTG opened at $3.82 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. B2Gold has a fifty-two week low of $3.31 and a fifty-two week high of $6.28. The firm has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $4.70. The company has a market cap of $5.05 billion, a PE ratio of 10.61, a P/E/G ratio of 0.31 and a beta of 0.66.

Institutional Trading of B2Gold

Hedge funds have recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its holdings in shares of B2Gold by 22.6% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 377,800 shares of the basic materials company’s stock valued at $1,412,000 after purchasing an additional 69,600 shares during the period. Heck Capital Advisors LLC acquired a new stake in B2Gold in the second quarter worth about $147,000. Assenagon Asset Management S.A. lifted its holdings in B2Gold by 18.8% in the second quarter. Assenagon Asset Management S.A. now owns 699,493 shares of the basic materials company’s stock worth $2,623,000 after purchasing an additional 110,926 shares during the period. GK Wealth Management LLC bought a new position in B2Gold in the 2nd quarter valued at about $89,000. Finally, Optiver Holding B.V. acquired a new position in B2Gold during the 1st quarter valued at about $192,000. Institutional investors own 61.40% of the company’s stock.

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.