In the latest trading session, B2Gold (BTG) closed at $3.35, marking a +1.21% move from the previous day. The stock outpaced the S&P 500's daily loss of 2.24%. Elsewhere, the Dow saw a downswing of 1.73%, while the tech-heavy Nasdaq depreciated by 3.07%.
Shares of the gold, silver and copper miner witnessed a gain of 0.91% over the previous month, beating the performance of the Basic Materials sector with its loss of 4.64% and the S&P 500's loss of 4.17%.
The upcoming earnings release of B2Gold will be of great interest to investors. The company is predicted to post an EPS of $0.09, indicating a 50% growth compared to the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.39 per share and revenue of $2.79 billion, which would represent changes of +143.75% and +46.7%, respectively, from the prior year.
Any recent changes to analyst estimates for B2Gold should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.99% higher within the past month. Currently, B2Gold is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that B2Gold has a Forward P/E ratio of 8.46 right now. This denotes a discount relative to the industry's average Forward P/E of 15.6.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 160, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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B2Gold Corp (BTG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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