FY2018 EPS Estimates for B2Gold Corp (BTG) Lowered by Clarus Securities
B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) – Clarus Securities cut their FY2018 earnings per share estimates for B2Gold in a research note issued to investors on Friday. Clarus Securities analyst J. Spratt now anticipates that the basic materials company will post earnings per share of $0.31 for the year, down from their prior forecast of $0.35.
BTG has been the subject of several other reports. National Bank Financial raised B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, September 25th. BidaskClub raised B2Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut B2Gold from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.63.
Large investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new position in shares of B2Gold during the 2nd quarter worth about $112,000. Alliancebernstein L.P. purchased a new stake in shares of B2Gold in the 2nd quarter valued at about $124,000. ARP Americas LLC lifted its holdings in shares of B2Gold by 63.7% in the 3rd quarter. ARP Americas LLC now owns 69,666 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 27,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of B2Gold by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 10,800 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of B2Gold in the 2nd quarter valued at about $284,000.
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