B2Gold (BTG) Downgraded by Zacks Investment Research to Hold

Zacks Funding Analysis lower shares of B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) from a purchase ranking to a maintain ranking in a report printed on Friday, Zacks.com experiences.

Based on Zacks, “B2Gold reported year-over-year decline in first-quarter 2019 adjusted earnings per share regardless of a rise in revenues. Whereas the highest line beat the Zacks Consensus Estimate, the underside line met the identical. The corporate appears on observe to attain transformational progress in 2019 and maintains its projection of annual gold manufacturing between 935,000 ounces and 975,000 ounces supported by its deliberate growth of the Fekola mine. The corporate continues to give attention to natural progress, unlocking potential worth via attainable growth of its present mines, improvement of alternatives at present initiatives and paying down debt. Nonetheless, decrease gold costs and better prices are more likely to weigh on outcomes. Its shares have underperformed the trade over the previous yr.”

BTG has been the topic of a number of different experiences. TheStreet upgraded B2Gold from a c+ ranking to a b- ranking in a analysis word on Tuesday, February 26th. Canaccord Genuity initiated protection on B2Gold in a analysis word on Wednesday, April 24th. They set a purchase ranking for the corporate.

NYSEAMERICAN BTG traded down $zero.04 throughout buying and selling hours on Friday, hitting $2.63. The corporate had a buying and selling quantity of three,183,253 shares, in comparison with its common quantity of four,309,760. B2Gold has a fifty-two week low of $2.10 and a fifty-two week excessive of $three.35.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) final introduced its earnings outcomes on Tuesday, Could seventh. The fundamental supplies firm reported $zero.04 earnings per share for the quarter, assembly the consensus estimate of $zero.04. The enterprise had income of $301.66 million for the quarter, in comparison with analyst estimates of $299.67 million.

A number of hedge funds have lately modified their holdings of BTG. Highland Capital Administration LLC purchased a brand new place in shares of B2Gold throughout the fourth quarter price about $44,000. Personal Advisor Group LLC purchased a brand new place in shares of B2Gold throughout the fourth quarter price about $44,000. Sigma Planning Corp purchased a brand new place in shares of B2Gold throughout the fourth quarter price about $50,000. Beutel Goodman & Co Ltd. purchased a brand new place in shares of B2Gold throughout the first quarter price about $56,000. Lastly, Advisor Group Inc. lifted its place in shares of B2Gold by 52.9% throughout the first quarter. Advisor Group Inc. now owns 26,000 shares of the fundamental supplies firm’s inventory price $73,000 after buying an extra 9,000 shares over the last quarter.

B2Gold Firm Profile

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

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