Cormark Weighs in on B2Gold Corp.’s Q3 2018 Earnings (BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) – Research analysts at Cormark increased their Q3 2018 EPS estimates for shares of B2Gold in a research note issued on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.05 per share for the quarter, up from their previous estimate of $0.04.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $284.81 million during the quarter, compared to the consensus estimate of $285.55 million.

BTG stock opened at $2.64 on Thursday. B2Gold has a 12-month low of $2.10 and a 12-month high of $3.30.

A number of hedge funds have recently added to or reduced their stakes in BTG. Dynamic Technology Lab Private Ltd lifted its holdings in shares of B2Gold by 136.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 39,531 shares of the basic materials company’s stock valued at $102,000 after buying an additional 22,831 shares during the period. Paloma Partners Management Co increased its stake in B2Gold by 202.2% in the 2nd quarter. Paloma Partners Management Co now owns 47,841 shares of the basic materials company’s stock worth $124,000 after buying an additional 32,012 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in B2Gold in the 2nd quarter worth $234,000. Manatuck Hill Partners LLC increased its stake in B2Gold by 100.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 100,000 shares of the basic materials company’s stock worth $259,000 after buying an additional 50,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in B2Gold by 3,307.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 104,719 shares of the basic materials company’s stock worth $272,000 after buying an additional 101,646 shares in the last quarter.

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.

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Earnings History and Estimates for B2Gold (NYSEAMERICAN:BTG)

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