B2Gold (NYSEAMERICAN:BTG) Issues Quarterly Earnings Results

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) announced its earnings results on Wednesday. The basic materials company reported $0.11 earnings per share 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%.The firm’s revenue for the quarter was up 110.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS.

B2Gold Price Performance

Shares of BTG traded up $0.13 during mid-day trading on Wednesday, reaching $5.38. The stock had a trading volume of 29,516,161 shares, compared to its average volume of 48,518,044. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.46 and a current ratio of 1.03. B2Gold has a 12 month low of $2.53 and a 12 month high of $5.94. The business has a fifty day moving average of $4.88 and a 200 day moving average of $4.60. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 14.58 and a beta of 0.58.

Hedge Funds Weigh In On B2Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold during the fourth quarter valued at approximately $45,000. Cerity Partners LLC purchased a new position in B2Gold during the 4th quarter valued at $55,000. Inspire Advisors LLC bought a new position in B2Gold in the 4th quarter valued at $59,000. State of Wisconsin Investment Board bought a new position in B2Gold in the 4th quarter valued at $146,000. Finally, Oxford Asset Management LLP purchased a new stake in B2Gold in the fourth quarter worth $182,000. 61.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BTG has been the subject of several recent research reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, B2Gold has a consensus rating of “Hold”.

B2Gold Company Profile

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.