B2Gold (NYSEAMERICAN:BTG) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11), Briefing.com reports. B2Gold had a return on equity of 14.95% and a net margin of 8.75%.During the same period in the prior year, the firm posted $0.01 earnings per share. B2Gold’s revenue for the quarter was up 110.9% on a year-over-year basis.

B2Gold Trading Up 2.5%

NYSEAMERICAN:BTG traded up $0.13 during mid-day trading on Wednesday, hitting $5.38. 29,516,161 shares of the company’s stock were exchanged, compared to its average volume of 45,857,633. B2Gold has a fifty-two week low of $2.53 and a fifty-two week high of $5.94. The company has a current ratio of 1.03, a quick ratio of 0.46 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $7.20 billion, a P/E ratio of 38.43 and a beta of 0.58. The company has a 50 day simple moving average of $4.88 and a 200-day simple moving average of $4.60.

Wall Street Analyst Weigh In

BTG has been the topic of a number of analyst reports. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On B2Gold

A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in B2Gold by 472.1% during the fourth quarter. Mackenzie Financial Corp now owns 8,193,157 shares of the basic materials company’s stock worth $37,252,000 after purchasing an additional 6,761,114 shares during the period. Regal Partners Ltd acquired a new position in B2Gold in the fourth quarter valued at approximately $6,181,000. Voloridge Investment Management LLC bought a new position in shares of B2Gold during the 4th quarter worth approximately $21,397,000. Quadrature Capital Ltd grew its position in shares of B2Gold by 398.8% during the 4th quarter. Quadrature Capital Ltd now owns 8,190,760 shares of the basic materials company’s stock worth $36,929,000 after buying an additional 6,548,760 shares during the period. Finally, Oxford Asset Management LLP bought a new stake in shares of B2Gold in the 4th quarter valued at $182,000. Institutional investors and hedge funds 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.