B2Gold (NYSEAMERICAN:BTG) Releases Earnings Results, Misses Estimates By $0.04 EPS

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) released its quarterly earnings data on Thursday. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04), Briefing.com reports. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.During the same period last year, the company earned $0.12 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year.

B2Gold Stock Performance

NYSEAMERICAN:BTG traded down $0.01 during midday trading on Thursday, reaching $4.09. 31,684,725 shares of the company traded hands, compared to its average volume of 18,701,972. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 0.33 and a beta of 0.66. The company has a fifty day moving average price of $4.03 and a 200 day moving average price of $4.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. B2Gold has a twelve month low of $3.46 and a twelve month high of $6.28.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada cut their target price on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group cut their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.50.

Institutional Investors Weigh In On B2Gold

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings 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 valued at $105,264,000 after acquiring an additional 16,639,601 shares during the period. Condire Management LP acquired a new stake in shares of B2Gold in the 4th quarter worth about $50,807,000. Marshall Wace LLP increased its holdings in shares of B2Gold by 1,124.3% in the 4th quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock worth $38,591,000 after acquiring an additional 7,857,774 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in B2Gold in the 4th quarter valued at about $32,899,000. Finally, Mackenzie Financial Corp boosted its position in shares of 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 buying an additional 6,761,114 shares during the period. 61.40% of the stock is currently owned by institutional investors.

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.