B2Gold (NYSEAMERICAN:BTG) Releases Earnings Results, Beats Expectations By $0.05 EPS

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) released its quarterly earnings results on Wednesday. The basic materials company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05, Zacks reports. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.

B2Gold Price Performance

Shares of BTG stock traded up $0.41 during trading hours on Wednesday, hitting $5.11. The company’s stock had a trading volume of 26,231,175 shares, compared to its average volume of 29,431,980. The business has a fifty day moving average of $5.26 and a 200-day moving average of $4.83. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.28 and a beta of 0.64. B2Gold has a twelve month low of $3.57 and a twelve month high of $6.28. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BTG shares. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective for the company in a report on Monday, August 10th. Raymond James Financial upped their target price on B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a report on Friday, September 4th. Scotiabank upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 10th. Royal Bank Of Canada lifted their price target on B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Finally, TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.81.

B2Gold Company Profile

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.