FY2027 Earnings Forecast for B2Gold Issued By Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS forecast for B2Gold to $1.05 (from $1.04) and maintains a Sector Perform rating.
• B2Gold's latest quarter reported $0.11 EPS, missing the $0.22 consensus and posting $1.05 billion in revenue (also below estimates), although revenue was up 110.9% YoY.
• Shares trade around $4.86 with a market cap of $6.48 billion, a P/E of ~18.7, and institutional investors hold about 61.4% of the stock.

B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO - Equities researchers at Scotiabank boosted their FY2027 earnings per share (EPS) estimates for B2Gold in a research note issued on Friday, April 10th. Scotiabank analyst O. Habib now anticipates that the basic materials company will post earnings of $1.05 per share for the year, up from their prior estimate of $1.04. Scotiabank has a "Sector Perform" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.26 per share.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.15 billion. B2Gold had a return on equity of 18.12% and a net margin of 13.13%.B2Gold's revenue for the quarter was up 110.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS.

Separately, Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of B2Gold in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, B2Gold presently has an average rating of "Hold".

B2Gold Trading Down 1.4%

Shares of BTG opened at $4.86 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. B2Gold has a 12-month low of $2.86 and a 12-month high of $6.28. The firm has a market capitalization of $6.48 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 0.51 and a beta of 0.69. The stock's fifty day simple moving average is $5.05 and its 200-day simple moving average is $4.83.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in B2Gold in the fourth quarter valued at about $45,000. Jefferies Financial Group Inc. bought a new stake in B2Gold in the fourth quarter valued at about $55,000. Cerity Partners LLC bought a new stake in B2Gold in the fourth quarter valued at about $55,000. Inspire Advisors LLC bought a new stake in B2Gold in the fourth quarter valued at about $59,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in B2Gold in the fourth quarter valued at about $65,000. Institutional investors own 61.40% of the company's stock.

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.

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