Cormark Weighs in on B2Gold Corp.’s FY2017 Earnings (BTO)

B2Gold Corp. (TSE:BTO) (NYSE:BTG) – Equities researchers at Cormark raised their FY2017 earnings estimates for B2Gold in a research note issued on Wednesday. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.13 for the year, up from their prior forecast of $0.11. Cormark also issued estimates for B2Gold’s Q4 2017 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.06 EPS and Q4 2019 earnings at $0.09 EPS.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity upped their price objective on shares of B2Gold from C$5.00 to C$5.50 in a research note on Friday, September 29th. Eight Capital increased their target price on shares of B2Gold from C$4.50 to C$4.75 in a research note on Monday, November 27th. BMO Capital Markets reissued an “outperform” rating and set a C$5.00 target price on shares of B2Gold in a research note on Tuesday, December 5th. Scotiabank reissued an “outperform” rating and set a C$4.75 target price on shares of B2Gold in a research note on Thursday, November 9th. Finally, National Bank Financial increased their target price on shares of B2Gold from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 26th. Seven analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$5.19.

Shares of B2Gold (BTO) opened at C$3.67 on Thursday. B2Gold has a 1-year low of C$2.96 and a 1-year high of C$4.64. The firm has a market cap of $3,620.00, a P/E ratio of 91.75 and a beta of 0.59.

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