Scotiabank Brokers Increase Earnings Estimates for B2Gold

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of B2Gold in a report released on Thursday, October 22nd. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $0.38 per share for the year, up from their prior forecast of $0.37. Scotiabank has a “Sector Outperform” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.53 per share.

BTG has been the subject of a number of other reports. Jefferies Financial Group lowered their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, July 6th. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective for the company in a report on Monday, August 10th. Raymond James Financial boosted their price objective on shares of B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a research report on Friday, September 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of B2Gold from $5.00 to $6.25 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $6.81.

B2Gold Stock Up 0.8%

NYSEAMERICAN:BTG opened at $4.82 on Monday. B2Gold has a twelve month low of $3.57 and a twelve month high of $6.28. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.29 and a beta of 0.70. The stock has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $4.83. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $836.33 million. During the same period last year, the company earned $0.12 EPS. The business’s revenue was up 14.0% compared to the same quarter last year.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. Pale Fire Capital SE lifted its holdings in shares of B2Gold by 77.4% in the 1st quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock worth $315,923,000 after buying an additional 30,428,530 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of B2Gold during the second quarter valued at $107,805,000. Deutsche Bank AG purchased a new position in shares of B2Gold during the second quarter valued at $63,960,000. Bank of America Corp DE purchased a new position in shares of B2Gold during the second quarter valued at $31,985,000. Finally, Legal & General Group Plc bought a new stake in shares of B2Gold in the second quarter valued at about $26,501,000. 61.40% of the stock is owned by institutional investors.

B2Gold Company Profile

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company’s activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold’s principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.