Research Analysts Set Expectations for B2Gold Corp’s FY2018 Earnings (BTG)
B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Stock analysts at Clarus Securities reduced their FY2018 earnings per share (EPS) estimates for B2Gold in a report issued on Friday. Clarus Securities analyst J. Spratt now expects that the basic materials company will earn $0.31 per share for the year, down from their previous forecast of $0.35.
Other analysts have also issued research reports about the stock. National Bank Financial raised shares of B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. BidaskClub raised shares of B2Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of B2Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $3.63.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.01 earnings per share for the quarter.
Hedge funds have recently made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new position in shares of B2Gold in the 2nd quarter valued at $112,000. Alliancebernstein L.P. acquired a new position in shares of B2Gold in the 2nd quarter valued at $124,000. Virtu Financial LLC grew its holdings in shares of B2Gold by 201.6% in the 3rd quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock valued at $177,000 after buying an additional 86,302 shares during the period. ARP Americas LLC grew its holdings in shares of B2Gold by 63.7% in the 3rd quarter. ARP Americas LLC now owns 69,666 shares of the basic materials company’s stock valued at $192,000 after buying an additional 27,100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of B2Gold by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock valued at $199,000 after buying an additional 10,800 shares during the period.
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