What is Scotiabank’s Estimate for B2Gold FY2027 Earnings?

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Equities researchers at Scotiabank cut their FY2027 earnings estimates for shares of B2Gold in a research note issued to investors on Wednesday, May 20th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $0.91 per share for the year, down from their previous estimate of $0.93. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for B2Gold’s current full-year earnings is $0.66 per share.

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

B2Gold Price Performance

B2Gold stock opened at $4.67 on Thursday. B2Gold has a 52 week low of $3.18 and a 52 week high of $6.28. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $4.74 and its 200 day simple moving average is $4.77. The firm has a market capitalization of $6.23 billion, a PE ratio of 12.97, a P/E/G ratio of 0.44 and a beta of 0.60.

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

Institutional Investors Weigh In On B2Gold

Several institutional investors and hedge funds have recently made changes to their positions in the business. Intact Investment Management Inc. raised its stake in B2Gold by 5,130.6% in the 4th quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock valued at $7,395,000 after purchasing an additional 1,611,000 shares during the last quarter. Ruffer LLP acquired a new position in B2Gold in the 4th quarter valued at about $2,054,000. Vanguard Group Inc. raised its stake in B2Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after purchasing an additional 1,018,157 shares during the last quarter. UBS Group AG raised its stake in B2Gold by 300.3% in the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after purchasing an additional 2,684,504 shares during the last quarter. Finally, Harvest Portfolios Group Inc. raised its stake in B2Gold by 42.6% in the 4th quarter. Harvest Portfolios Group Inc. now owns 420,586 shares of the basic materials company’s stock valued at $1,894,000 after purchasing an additional 125,721 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

About B2Gold

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.