Scotiabank Has Bearish Estimate for B2Gold FY2027 Earnings

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Scotiabank lowered their FY2027 earnings estimates for B2Gold in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings per share of $0.56 for the year, down from their prior forecast of $0.58. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.48 per share.

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

Several other research firms have also recently commented on BTG. Royal Bank Of Canada raised their price target on B2Gold from $5.00 to $6.25 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Jefferies Financial Group dropped their price objective on B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, July 6th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded 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, TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, B2Gold has an average rating of “Buy” and a consensus target price of $6.81.

B2Gold Stock Performance

NYSEAMERICAN BTG opened at $4.99 on Thursday. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.34 and a beta of 0.70. The business’s 50 day moving average is $5.31 and its two-hundred day moving average is $4.70. B2Gold has a 12-month low of $3.57 and a 12-month high of $6.28. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BTG. Two Sigma Securities LLC lifted its position in shares of B2Gold by 341.9% during the 2nd quarter. Two Sigma Securities LLC now owns 236,275 shares of the basic materials company’s stock valued at $884,000 after acquiring an additional 182,811 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of B2Gold by 6.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 288,790 shares of the basic materials company’s stock worth $1,080,000 after acquiring an additional 18,536 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of B2Gold during the 2nd quarter worth approximately $1,524,000. Public Employees Retirement System of Ohio purchased a new stake in shares of B2Gold during the 2nd quarter worth approximately $4,728,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of B2Gold in the 2nd quarter worth approximately $731,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.