B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at Clarus Securities cut their FY2018 earnings estimates for shares of B2Gold in a note issued to investors on Friday. Clarus Securities analyst J. Spratt now expects that the basic materials company will earn $0.31 per share for the year, down from their previous forecast of $0.35.

A number of other research firms also recently issued reports on BTG. National Bank Financial upgraded B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, September 25th. Zacks Investment Research upgraded B2Gold from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Wednesday, October 11th. Finally, BidaskClub upgraded B2Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.63.

B2Gold (NYSEAMERICAN:BTG) traded up $0.13 during trading on Monday, hitting $3.07. The company’s stock had a trading volume of 6,114,700 shares, compared to its average volume of 5,174,378. The company has a market cap of $2,880.00, a P/E ratio of 76.75 and a beta of 0.89. B2Gold has a 1-year low of $2.15 and a 1-year high of $3.55.

A number of hedge funds and other institutional investors have recently bought and sold shares of BTG. FMR LLC raised its holdings in shares of B2Gold by 2.1% during the 2nd quarter. FMR LLC now owns 142,965,162 shares of the basic materials company’s stock worth $402,393,000 after acquiring an additional 2,959,222 shares in the last quarter. Van ECK Associates Corp raised its holdings in B2Gold by 3.2% during the 3rd quarter. Van ECK Associates Corp now owns 109,540,396 shares of the basic materials company’s stock valued at $306,397,000 after buying an additional 3,430,421 shares during the period. Royal Bank of Canada raised its holdings in B2Gold by 6.3% during the 2nd quarter. Royal Bank of Canada now owns 24,336,347 shares of the basic materials company’s stock valued at $68,384,000 after buying an additional 1,439,521 shares during the period. Vanguard Group Inc. raised its holdings in B2Gold by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 19,525,005 shares of the basic materials company’s stock valued at $54,865,000 after buying an additional 988,028 shares during the period. Finally, Investec Asset Management LTD raised its holdings in B2Gold by 11.5% during the 3rd quarter. Investec Asset Management LTD now owns 8,927,365 shares of the basic materials company’s stock valued at $24,555,000 after buying an additional 918,934 shares during the period.

TRADEMARK VIOLATION NOTICE: This story was reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/15/fy2018-eps-estimates-for-b2gold-corp-btg-lowered-by-clarus-securities.html.

B2Gold Company Profile

Earnings History and Estimates for B2Gold (NYSEAMERICAN:BTG)

Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.