Scotiabank Has Negative Outlook of B2Gold FY2027 Earnings

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Analysts at Scotiabank dropped their FY2027 EPS estimates for shares of B2Gold in a research report issued on Thursday, March 19th. Scotiabank analyst O. Habib now forecasts that the basic materials company will earn $1.04 per share for the year, down from their prior estimate of $1.05. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.26 per share.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.15 billion. B2Gold had a net margin of 13.13% and a return on equity of 18.12%. The firm’s revenue for the quarter was up 110.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share.

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

B2Gold Trading Down 6.9%

B2Gold stock opened at $3.92 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.47 and a current ratio of 1.06. B2Gold has a fifty-two week low of $2.53 and a fifty-two week high of $6.28. The stock has a market cap of $5.25 billion, a P/E ratio of 15.08, a PEG ratio of 0.41 and a beta of 0.55. The firm’s fifty day moving average price is $5.19 and its 200-day moving average price is $4.82.

Hedge Funds Weigh In On B2Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of BTG. Corient Private Wealth LLC raised its position in shares of B2Gold by 30.8% during the 4th quarter. Corient Private Wealth LLC now owns 33,478 shares of the basic materials company’s stock valued at $151,000 after buying an additional 7,884 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of B2Gold by 472.1% during the 4th quarter. Mackenzie Financial Corp now owns 8,193,157 shares of the basic materials company’s stock worth $37,252,000 after acquiring an additional 6,761,114 shares during the last quarter. Regal Partners Ltd purchased a new position in B2Gold in the fourth quarter worth $6,181,000. Voloridge Investment Management LLC purchased a new position in B2Gold in the fourth quarter worth $21,397,000. Finally, Quadrature Capital Ltd increased its stake in B2Gold by 398.8% in the fourth quarter. Quadrature Capital Ltd now owns 8,190,760 shares of the basic materials company’s stock valued at $36,929,000 after acquiring an additional 6,548,760 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

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.