Scotiabank Has Bearish Estimate for B2Gold FY2027 Earnings

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Stock analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, October 13th. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings per share of $0.56 for the year, down from their previous estimate of $0.58. Scotiabank currently has a “Sector Outperform” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.48 per share.

Several other research analysts have also recently commented on BTG. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Jefferies Financial Group dropped their price objective on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Raymond James Financial raised their price objective on shares of B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a report on Friday, September 4th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective for the company in a research report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price objective on shares of B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Buy” and an average price target of $6.81.

B2Gold Stock Down 4.4%

Shares of NYSEAMERICAN:BTG opened at $4.99 on Thursday. The firm’s 50 day moving average price is $5.31 and its 200 day moving average price is $4.70. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.34 and a beta of 0.70. B2Gold has a fifty-two week low of $3.57 and a fifty-two week high of $6.28. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). B2Gold had a return on equity of 17.05% and a net margin of 21.47%. The company had revenue of $789.35 million for the quarter, compared to analyst estimates of $836.33 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BTG. Pale Fire Capital SE raised its stake in shares of B2Gold by 77.4% during the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock worth $315,923,000 after purchasing an additional 30,428,530 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of B2Gold by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock worth $151,630,000 after purchasing an additional 1,315,923 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in B2Gold in the 2nd quarter valued at $107,805,000. Deutsche Bank AG purchased a new position in B2Gold in the 2nd quarter valued at $63,960,000. Finally, Bank of America Corp DE grew its position in B2Gold by 9.9% in the 1st quarter. Bank of America Corp DE now owns 12,049,614 shares of the basic materials company’s stock valued at $54,585,000 after buying an additional 1,088,119 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. is a Canadian gold producer engaged in the acquisition, development and operation of gold mines, as well as mineral exploration and project development. The company produces gold doré and sells its production through established precious-metals markets.

B2Gold’s operating portfolio has included the Fekola Complex in Mali, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia. The company also owns the Goose project in Nunavut, Canada, which it acquired through its purchase of Sabina Gold & Silver Corp.