Scotiabank Has Negative Estimate for B2Gold FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for B2Gold to $0.37 from $0.44, below the broader consensus estimate of $0.49, while maintaining a “Sector Outperform” rating.
• Analyst sentiment remains generally positive: B2Gold has an average “Buy” rating and a consensus price target of $6.17, despite several recent target-price reductions.
• B2Gold’s latest quarterly results missed expectations, with EPS of $0.03 versus $0.07 anticipated and revenue of $789.35 million versus $836.33 million expected; revenue nevertheless increased 14% year over year.

B2Gold Corp (NYSEAMERICAN:BTG - Free Report) TSE: BTO - Equities research analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of B2Gold in a research report issued on Wednesday, August 19th. Scotiabank analyst O. Habib now anticipates that the basic materials company will earn $0.37 per share for the year, down from their previous estimate of $0.44. Scotiabank currently has a "Sector Outperform" rating on the stock. The consensus estimate for B2Gold's current full-year earnings is $0.49 per share.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada dropped their price target on shares of B2Gold from $5.75 to $5.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a "hold" rating to an "outperform" rating and set a $7.50 price objective for the company in a research report on Monday, August 10th. Jefferies Financial Group lowered 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. ATB Cormark Capital Markets raised shares of B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Monday, August 10th. Finally, TD Securities raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $6.17.

B2Gold Price Performance

BTG stock opened at $5.52 on Monday. The business has a 50 day moving average price of $4.22 and a 200 day moving average price of $4.65. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.38 and a beta of 0.66. B2Gold has a fifty-two week low of $3.57 and a fifty-two week high of $6.28. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last released its quarterly earnings data 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 net margin of 21.47% and a return on equity of 17.05%. The business 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 posted $0.12 EPS. The company's revenue was up 14.0% compared to the same quarter last year.

Institutional Trading of B2Gold

A number of large investors have recently made changes to their positions in the company. Pale Fire Capital SE increased its position in B2Gold by 77.4% during the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company's stock worth $315,923,000 after buying an additional 30,428,530 shares during the period. Vanguard Group Inc. boosted its holdings in shares of B2Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company's stock valued at $252,273,000 after acquiring an additional 1,018,157 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of B2Gold by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company's stock valued at $151,630,000 after acquiring an additional 1,315,923 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of B2Gold in the second quarter valued at approximately $107,805,000. Finally, Millennium Management LLC grew its position in shares of B2Gold by 248.2% during the fourth quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company's stock worth $105,264,000 after acquiring an additional 16,639,601 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.

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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