Cormark Weighs in on B2Gold Corp.’s Q1 2019 Earnings (BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Stock analysts at Cormark raised their Q1 2019 EPS estimates for shares of B2Gold in a report issued on Friday, October 26th. Cormark analyst R. Gray now forecasts that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.08. Cormark also issued estimates for B2Gold’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.35 EPS.

Several other research analysts have also commented on BTO. Pi Financial cut their price objective on B2Gold from C$5.25 to C$5.10 in a report on Friday, September 7th. Canaccord Genuity cut their price objective on B2Gold from C$7.00 to C$6.50 in a report on Tuesday, July 24th. National Bank Financial cut their price objective on B2Gold from C$7.00 to C$6.50 and set an “outperform” rating for the company in a report on Saturday, July 14th. Finally, Raymond James restated an “outperform” rating and issued a C$4.50 target price on shares of B2Gold in a research report on Friday. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$5.33.



BTO stock opened at C$3.39 on Monday. B2Gold has a twelve month low of C$2.77 and a twelve month high of C$4.06.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Tuesday, August 7th. The company reported C$0.06 earnings per share for the quarter, hitting the consensus estimate of C$0.06. B2Gold had a return on equity of 3.05% and a net margin of 8.04%. The company had revenue of C$367.58 million during the quarter, compared to analyst estimates of C$379.21 million.

In other B2Gold news, insider Roger Richer sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of C$2.92, for a total value of C$58,400.00. Also, Director Bongani Mtshisi sold 34,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of C$2.80, for a total value of C$95,200.00. Insiders sold a total of 134,000 shares of company stock valued at $317,000 in the last 90 days.

About B2Gold

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.

Further Reading: Yield Curve

Earnings History and Estimates for B2Gold (TSE:BTO)

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