B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) released its quarterly earnings results on Tuesday. The basic materials company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02, Fidelity Earnings reports. The firm had revenue of $267.21 million for the quarter, compared to analysts’ expectations of $307.40 million.
BTG traded down $0.11 during trading on Friday, hitting $3.67. 9,547,400 shares of the stock traded hands, compared to its average volume of 4,929,624. B2Gold has a 12-month low of $2.10 and a 12-month high of $4.02.
Several research analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating on shares of B2Gold in a report on Friday, July 19th. Zacks Investment Research cut shares of B2Gold from a “buy” rating to a “hold” rating and set a $2.50 target price on the stock. in a research note on Tuesday, May 28th.
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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