B2Gold (NYSE:BTG) Issues Quarterly Earnings Results

B2Gold (NYSE:BTG) issued its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03), Briefing.com reports. The business had revenue of $448.23 million during the quarter, compared to the consensus estimate of $449.28 million. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share.

B2Gold Trading Down 3.8 %

Shares of B2Gold stock traded down $0.12 during trading hours on Thursday, hitting $3.06. 20,597,303 shares of the company were exchanged, compared to its average volume of 12,567,518. The firm has a 50-day simple moving average of $3.15. B2Gold has a 1 year low of $2.34 and a 1 year high of $3.50. The firm has a market capitalization of $4.02 billion, a PE ratio of -28.86, a price-to-earnings-growth ratio of 2.69 and a beta of 1.13. The company has a quick ratio of 1.74, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BTG. StockNews.com raised shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Jefferies Financial Group boosted their price target on shares of B2Gold from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.75 price objective on shares of B2Gold in a research note on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.12.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.