B2Gold (NYSEAMERICAN:BTG) Shares Gap Down After Earnings Miss

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $5.38, but opened at $4.84. B2Gold shares last traded at $4.92, with a volume of 17,996,766 shares.

The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). B2Gold had a net margin of 13.13% and a return on equity of 18.61%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.01 EPS. The company’s revenue was up 110.9% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BTG shares. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold during the fourth quarter worth about $45,000. Jefferies Financial Group Inc. bought a new position in B2Gold during the 4th quarter worth approximately $55,000. Cerity Partners LLC bought a new position in B2Gold during the 4th quarter worth approximately $55,000. Inspire Advisors LLC acquired a new position in shares of B2Gold in the 4th quarter worth approximately $59,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of B2Gold in the 4th quarter valued at $65,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.03 and a quick ratio of 0.46. The company’s 50-day moving average price is $4.91 and its two-hundred day moving average price is $4.62. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 20.73 and a beta of 0.58.

B2Gold Company Profile

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.