Scotiabank Issues Optimistic Estimate for B2Gold Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for B2Gold to $0.38 from $0.37 and maintained a “Sector Outperform” rating, though the estimate remains below the $0.53 consensus.
• Analyst sentiment is broadly positive: B2Gold has an average “Buy” rating and a consensus price target of $6.81, with several firms recently upgrading the stock.
• B2Gold’s latest quarterly results missed expectations, reporting $0.03 EPS versus the $0.07 consensus and revenue of $789.35 million versus $836.33 million expected, despite 14% year-over-year revenue growth.

B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO - Scotiabank raised their FY2026 earnings per share estimates for B2Gold in a research report issued on Thursday, October 22nd. Scotiabank analyst O. Habib now forecasts that the basic materials company will post earnings of $0.38 per share for the year, up from their previous estimate of $0.37. Scotiabank has a "Sector Outperform" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.53 per share.

Several other research firms have also issued reports on BTG. Jefferies Financial Group reduced their target price 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. TD Securities raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a "hold" rating to an "outperform" rating and set a $7.50 price objective for the company in a research note on Monday, August 10th. Finally, Royal Bank Of Canada increased their price objective on shares of B2Gold from $5.00 to $6.25 and gave the stock a "sector perform" rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, B2Gold currently has an average rating of "Buy" and a consensus target price of $6.81.

B2Gold Stock Performance

Shares of NYSEAMERICAN:BTG opened at $4.78 on Monday. The stock has a 50 day moving average of $5.33 and a 200 day moving average of $4.73. The company has a market cap of $6.31 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.29 and a beta of 0.70. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. B2Gold has a 12-month low of $3.57 and a 12-month high of $6.28.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). B2Gold had a return on equity of 17.05% and a net margin of 21.47%. The company had revenue of $789.35 million during the quarter, compared to analysts' expectations of $836.33 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business's quarterly revenue was up 14.0% compared to the same quarter last year.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently made changes to their positions in the business. Themes Management Co LLC raised its holdings in B2Gold by 1.2% during the 1st quarter. Themes Management Co LLC now owns 230,260 shares of the basic materials company's stock worth $1,046,000 after buying an additional 2,641 shares during the period. Wealthfront Advisers LLC lifted its stake in B2Gold by 16.1% during the first quarter. Wealthfront Advisers LLC now owns 42,352 shares of the basic materials company's stock valued at $192,000 after buying an additional 5,876 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in B2Gold during the second quarter valued at about $37,000. Sanctuary Advisors LLC purchased a new stake in B2Gold during the second quarter valued at about $41,000. Finally, Bank of New York Mellon Corp lifted its stake in B2Gold by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 382,756 shares of the basic materials company's stock valued at $1,734,000 after buying an additional 11,012 shares in the last quarter. Institutional investors own 61.40% of the company's stock.

About B2Gold

B2Gold Corp. is a Canadian gold mining company engaged in the acquisition, development and operation of gold mines and exploration properties. The company's activities include mineral exploration, mine development, ore processing and the production and sale of gold.

B2Gold's principal producing assets have included the Fekola Complex in Mali and the Masbate Mine in the Philippines. The company has also operated the Otjikoto Mine in Namibia and has pursued additional growth through exploration and project development in several jurisdictions.

Founded in 2007 and headquartered in Vancouver, British Columbia, B2Gold expanded from an exploration-focused business into an international gold producer.

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