B2Gold (NYSE:BTG) Posts Earnings Results, Misses Estimates By $0.03 EPS

B2Gold (NYSE:BTG) released its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03), Briefing.com reports. B2Gold had a positive return on equity of 8.01% and a negative net margin of 7.44%. The firm had revenue of $448.23 million for the quarter, compared to analyst estimates of $449.28 million. During the same period last year, the firm earned $0.05 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year.

B2Gold Trading Down 3.5 %

BTG traded down $0.11 on Thursday, hitting $3.07. 19,514,330 shares of the company’s stock were exchanged, compared to its average volume of 12,564,444. The company has a current ratio of 2.93, a quick ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -28.86, a PEG ratio of 2.69 and a beta of 1.13. B2Gold has a twelve month low of $2.34 and a twelve month high of $3.50. The company’s fifty day simple moving average is $3.15.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Cormark cut shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. CIBC raised their price target on B2Gold from $3.30 to $3.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Jefferies Financial Group upped their price objective on B2Gold from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Cibc World Mkts cut B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, StockNews.com upgraded shares of B2Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, B2Gold has a consensus rating of “Hold” and a consensus price target of $4.12.

B2Gold Company Profile

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.