Scotiabank Has Strong Forecast for B2Gold FY2027 Earnings

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Scotiabank upped their FY2027 earnings estimates for shares of B2Gold in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst O. Habib now expects that the basic materials company will earn $0.92 per share for the year, up from their prior forecast of $0.91. The consensus estimate for B2Gold’s current full-year earnings is $0.65 per share.

Separately, Jefferies Financial Group decreased their price target on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.00.

B2Gold Stock Performance

Shares of B2Gold stock opened at $3.78 on Thursday. The firm has a market cap of $5.01 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.66. The firm’s 50-day simple moving average is $4.42 and its 200-day simple moving average is $4.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19. B2Gold has a 1 year low of $3.31 and a 1 year high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The firm’s revenue for the quarter was up 117.7% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS.

Hedge Funds Weigh In On B2Gold

Large investors have recently added to or reduced their stakes in the company. Intact Investment Management Inc. increased its stake in B2Gold by 5,130.6% during the fourth quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock valued at $7,395,000 after purchasing an additional 1,611,000 shares during the last quarter. Ruffer LLP acquired a new stake in shares of B2Gold during the fourth quarter worth $2,054,000. Easterly Investment Partners LLC lifted its position in shares of B2Gold by 3.9% in the 4th quarter. Easterly Investment Partners LLC now owns 2,934,687 shares of the basic materials company’s stock worth $13,235,000 after buying an additional 109,076 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of B2Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after buying an additional 1,018,157 shares during the period. Finally, UBS Group AG boosted its holdings in shares of B2Gold by 300.3% in the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after buying an additional 2,684,504 shares during the period. 61.40% of the stock is currently owned by institutional investors.

About B2Gold

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.