B2Gold (NYSEAMERICAN:BTG) Releases Earnings Results, Hits Estimates

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) issued its earnings results on Tuesday, May 7th. The basic materials company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04, MarketWatch Earnings reports. The business had revenue of $301.66 million during the quarter, compared to analyst estimates of $299.67 million.

BTG stock opened at $2.69 on Friday. B2Gold has a twelve month low of $2.10 and a twelve month high of $3.35.

A number of brokerages have weighed in on BTG. TheStreet upgraded shares of B2Gold from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Monday, February 4th. Finally, Canaccord Genuity initiated coverage on shares of B2Gold in a research note on Wednesday, April 24th. They issued a “buy” rating for the company.

An institutional investor recently raised its position in B2Gold stock. Geode Capital Management LLC grew its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 235.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,349 shares of the basic materials company’s stock after purchasing an additional 132,924 shares during the period. Geode Capital Management LLC’s holdings in B2Gold were worth $553,000 at the end of the most recent reporting period.

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B2Gold Company Profile

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Earnings History for B2Gold (NYSEAMERICAN:BTG)

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