What is Scotiabank’s Forecast for B2Gold FY2027 Earnings?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Equities research analysts at Scotiabank reduced their FY2027 earnings per share estimates for B2Gold in a report issued on Wednesday, July 15th. Scotiabank analyst O. Habib now forecasts that the basic materials company will earn $0.58 per share for the year, down from their prior estimate of $0.92. The consensus estimate for B2Gold’s current full-year earnings is $0.62 per share.

A number of other analysts also recently weighed in on BTG. Royal Bank Of Canada cut their price target on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price objective on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.

B2Gold Price Performance

B2Gold stock opened at $3.67 on Monday. The firm has a market capitalization of $4.85 billion, a P/E ratio of 10.19, a PEG ratio of 0.29 and a beta of 0.66. B2Gold has a 1 year low of $3.31 and a 1 year high of $6.28. The business has a 50-day moving average of $4.31 and a 200-day moving average of $4.71. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $893.41 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 117.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pale Fire Capital SE increased its holdings in shares of B2Gold by 77.4% in the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock worth $315,923,000 after acquiring an additional 30,428,530 shares in the last quarter. Norges Bank acquired a new stake in shares of B2Gold during the fourth quarter worth about $75,333,000. Millennium Management LLC lifted its holdings in shares of B2Gold by 248.2% during the 4th quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after purchasing an additional 16,639,601 shares in the last quarter. Condire Management LP bought a new position in shares of B2Gold during the 4th quarter valued at about $50,807,000. Finally, Marshall Wace LLP grew its position in shares of B2Gold by 1,124.3% in the 4th quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock valued at $38,591,000 after purchasing an additional 7,857,774 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Company Profile

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.