B2Gold (NYSEAMERICAN:BTG) Issues Quarterly Earnings Results

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) released its quarterly earnings data on Wednesday. The basic materials company reported $0.14 earnings per share for the quarter, topping 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

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BTG. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price on the stock in a research report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of B2Gold from $5.00 to $6.25 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. Finally, Scotiabank raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 10th. One investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $6.81.

About B2Gold

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.