B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Investment analysts at National Bank Financial decreased their FY2020 EPS estimates for shares of B2Gold in a report issued on Wednesday, November 7th. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.26 per share for the year, down from their previous forecast of $0.27. National Bank Financial currently has a “Outperform” rating and a $6.50 target price on the stock.
B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Tuesday, August 7th. The company reported C$0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.06. The company had revenue of C$367.58 million during the quarter, compared to analysts’ expectations of C$379.21 million.
A number of other brokerages have also recently weighed in on BTO. Cormark lifted their price objective on shares of B2Gold from C$5.50 to C$6.00 in a report on Friday, October 26th. Raymond James restated an “outperform” rating and issued a C$4.50 price objective on shares of B2Gold in a report on Friday, October 26th. Canaccord Genuity dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 in a report on Thursday, October 18th. Finally, Pi Financial dropped their price objective on shares of B2Gold from C$5.25 to C$5.10 and set a “buy” rating for the company in a report on Friday, September 28th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$5.33.
Shares of BTO stock opened at C$3.41 on Friday. The company has a debt-to-equity ratio of 34.89, a current ratio of 0.78 and a quick ratio of 0.30. B2Gold has a fifty-two week low of C$2.77 and a fifty-two week high of C$4.06.
In related news, Director Bongani Mtshisi sold 34,000 shares of B2Gold stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of C$2.80, for a total value of C$95,200.00. Also, insider Roger Richer sold 40,000 shares of B2Gold stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of C$1.12, for a total transaction of C$44,800.00. Insiders sold 134,000 shares of company stock valued at $317,000 in the last 90 days.
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.
See Also: Outstanding Shares
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