Q1 2018 Earnings Estimate for B2Gold Issued By Cormark (BTO)

B2Gold (TSE:BTO) (NYSE:BTG) – Analysts at Cormark boosted their Q1 2018 earnings per share (EPS) estimates for B2Gold in a note issued to investors on Thursday, April 12th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.05. Cormark also issued estimates for B2Gold’s FY2018 earnings at $0.24 EPS.

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

Several other equities analysts have also issued reports on BTO. Scotiabank reissued an “outperform” rating and set a C$5.00 price objective on shares of B2Gold in a report on Thursday. Eight Capital lifted their price target on shares of B2Gold from C$4.75 to C$5.40 in a report on Thursday. Canaccord Genuity lifted their price target on shares of B2Gold from C$6.00 to C$6.50 in a report on Friday, January 19th. Finally, National Bank Financial lifted their price target on shares of B2Gold from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, January 12th. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of C$5.55.

Shares of BTO stock opened at C$3.60 on Monday. B2Gold has a 52-week low of C$2.96 and a 52-week high of C$4.06.

In other B2Gold news, Director Bongani Mtshisi sold 100,000 shares of B2Gold 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 B2Gold 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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