B2Gold (NYSEAMERICAN:BTG) Announces Quarterly Earnings Results

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05, Zacks reports. B2Gold had a net margin of 21.47% and a return on equity of 17.05%.

B2Gold Stock Performance

Shares of NYSEAMERICAN BTG traded up $0.41 during mid-day trading on Wednesday, hitting $5.11. 26,231,175 shares of the company were exchanged, compared to its average volume of 29,431,980. The company has a quick ratio of 0.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $5.26 and a 200-day simple moving average of $4.83. B2Gold has a 1-year low of $3.57 and a 1-year high of $6.28. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.28 and a beta of 0.64.

Analyst Ratings Changes

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

B2Gold Company Profile

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.