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

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

B2Gold Stock Performance

NYSEAMERICAN BTG traded up $0.13 on Wednesday, hitting $5.38. 29,516,161 shares of the stock were exchanged, compared to its average volume of 45,857,633. The business’s fifty day moving average is $4.88 and its 200 day moving average is $4.60. B2Gold has a 52 week low of $2.53 and a 52 week high of $5.94. The company has a market capitalization of $7.20 billion, a PE ratio of 38.43 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.03 and a quick ratio of 0.46.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On B2Gold

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

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.