B2Gold (NYSE:BTG) Announces Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• B2Gold reported a quarterly earnings per share (EPS) of $0.12, which missed analysts' estimates of $0.13 by $0.01, despite showing a year-over-year revenue increase of 40.5%.
• The company's stock is currently trading at $3.58, with a market capitalization of $4.74 billion and a price-to-earnings ratio of -7.46.
• Institutional investors own 61.40% of B2Gold, with significant increases in holdings from Goldman Sachs and UBS Asset Management reported during the first quarter.

B2Gold (NYSE:BTG - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01), Briefing.com reports. B2Gold had a positive return on equity of 5.65% and a negative net margin of 33.12%. During the same period in the prior year, the firm posted $0.06 EPS. The firm's revenue for the quarter was up 40.5% on a year-over-year basis.

B2Gold Price Performance

BTG traded down $0.25 during trading on Friday, hitting $3.58. 44,033,072 shares of the stock traded hands, compared to its average volume of 42,573,941. The business has a 50 day moving average price of $3.58 and a 200 day moving average price of $3.14. The company has a market cap of $4.74 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 0.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.08. B2Gold has a twelve month low of $2.20 and a twelve month high of $3.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BTG. Goldman Sachs Group Inc. increased its holdings in shares of B2Gold by 181.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,158,787 shares of the company's stock worth $23,253,000 after buying an additional 5,262,266 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of B2Gold by 89.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,707,775 shares of the company's stock worth $7,717,000 after purchasing an additional 1,277,357 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of B2Gold in the first quarter worth $238,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. National Bankshares restated an "outperform" rating on shares of B2Gold in a report on Wednesday, July 16th. Wall Street Zen upgraded B2Gold from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Cormark upgraded B2Gold from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. CIBC restated a "neutral" rating and set a $4.00 price objective (up previously from $3.60) on shares of B2Gold in a report on Tuesday, July 15th. Finally, Raymond James Financial upgraded B2Gold to a "moderate buy" rating and set a $4.50 price objective for the company in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.31.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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