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

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05, Zacks reports. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The business had revenue of $836.00 million during the quarter, compared to analyst estimates of $822.76 million.

B2Gold Stock Up 4.0%

Shares of BTG stock traded up $0.20 during mid-day trading on Thursday, hitting $5.32. 13,628,563 shares of the stock traded hands, compared to its average volume of 29,358,850. B2Gold has a 52-week low of $3.57 and a 52-week high of $6.28. The stock has a market cap of $7.00 billion, a P/E ratio of 9.66, a P/E/G ratio of 0.29 and a beta of 0.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The stock’s fifty day moving average is $5.24 and its two-hundred day moving average is $4.84.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BTG. Raymond James Financial increased their price objective on shares of B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a research note on Friday, September 4th. Scotiabank raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price for the company in a report on Monday, August 10th. TD Securities raised B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $6.81.

About B2Gold

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.