Cormark Brokers Lower Earnings Estimates for B2Gold Corp. (BTO)
B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at Cormark dropped their FY2018 earnings per share estimates for shares of B2Gold in a report issued on Thursday, November 8th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.24 for the year, down from their previous estimate of $0.26. Cormark also issued estimates for B2Gold’s Q4 2018 earnings at $0.04 EPS and FY2020 earnings at $0.33 EPS.
Other research analysts have also issued reports about the stock. Pi Financial decreased their price objective on shares of B2Gold from C$5.25 to C$5.10 in a report on Friday, September 7th. Canaccord Genuity decreased their price objective on shares of B2Gold from C$7.00 to C$6.50 in a report on Tuesday, July 24th. Raymond James decreased their price objective on shares of B2Gold from C$5.00 to C$4.50 in a report on Friday, October 19th. Finally, National Bank Financial decreased their price objective on shares of B2Gold from C$7.00 to C$6.50 and set an “outperform” rating for the company in a report on Saturday, July 14th. Six research analysts have rated the stock with a buy rating, B2Gold has an average rating of “Buy” and a consensus target price of C$5.33.
In other news, Director Bongani Mtshisi sold 34,000 shares of B2Gold stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of C$2.80, for a total value of C$95,200.00. Also, insider Roger Richer sold 20,000 shares of B2Gold stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of C$3.01, for a total transaction of C$60,200.00. Over the last three months, insiders have sold 134,000 shares of company stock valued at $317,000.
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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