FY2019 Earnings Forecast for B2Gold Issued By Clarus Securities (BTO)

B2Gold (TSE:BTO) (NYSE:BTG) – Analysts at Clarus Securities reduced their FY2019 EPS estimates for B2Gold in a research report issued to clients and investors on Thursday, April 12th. Clarus Securities analyst J. Spratt now anticipates that the company will post earnings per share of $0.44 for the year, down from their prior forecast of $0.45. Clarus Securities also issued estimates for B2Gold’s FY2020 earnings at $0.29 EPS.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.02 by C($0.01). The firm had revenue of C$220.98 million for the quarter, compared to the consensus estimate of C$275.31 million. B2Gold had a return on equity of 3.05% and a net margin of 8.04%.



Other analysts have also recently issued reports about the stock. National Bank Financial increased their price target on shares of B2Gold from C$6.50 to C$7.00 in a research note on Friday, January 26th. Canaccord Genuity increased their price target on shares of B2Gold from C$6.00 to C$6.50 in a research note on Friday, January 19th. Eight Capital increased their price target on shares of B2Gold from C$4.75 to C$5.40 in a research note on Thursday. Finally, Scotiabank reissued an “outperform” rating and set a C$5.00 price target on shares of B2Gold in a research note on Thursday. Seven equities research analysts have rated the stock with a buy rating, B2Gold currently has an average rating of “Buy” and a consensus price target of C$5.55.

BTO opened at C$3.60 on Friday. B2Gold has a one year low of C$2.96 and a one year high of C$4.06.

In other B2Gold news, Director Bongani Mtshisi sold 100,000 shares of the stock in a transaction on Monday, March 19th. The shares were sold at an average price of C$3.69, for a total value of C$369,000.00. Also, insider Eduard Bartz sold 75,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of C$3.82, for a total transaction of C$286,500.00.

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About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Namibia, Mali, Colombia, Burkina Faso, and Finland. It primarily explores for gold, silver, and copper deposits. The company's production properties include the La Libertad mine with an exploitation concession covering an area of 10,950 hectares and the El Limon mine covering an area of 12,000 hectares located in Nicaragua; the Masbate mine covering an area of approximately 15,209 hectares located in the Philippines; and the Otjikoto mine covering an area of 6,933.99 hectares located in Namibia.

Earnings History and Estimates for B2Gold (TSE:BTO)

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