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B2Gold (BTG) Outperforms Broader Market: What You Need to Know
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B2Gold (BTG - Free Report) closed the most recent trading day at $4.92, moving +1.44% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
The gold, silver and copper miner's shares have seen an increase of 20.05% over the last month, surpassing the Basic Materials sector's gain of 3.77% and the S&P 500's gain of 2.72%.
The investment community will be paying close attention to the earnings performance of B2Gold in its upcoming release. The company is expected to report EPS of $0.18, up 800% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.59 per share and a revenue of $3.21 billion, indicating changes of +268.75% and +68.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for B2Gold. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.98% higher within the past month. B2Gold currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, B2Gold is holding a Forward P/E ratio of 8.24. This represents a discount compared to its industry average Forward P/E of 15.88.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% 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.
To follow BTG in the coming trading sessions, be sure to utilize Zacks.com.
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B2Gold (BTG) Outperforms Broader Market: What You Need to Know
B2Gold (BTG - Free Report) closed the most recent trading day at $4.92, moving +1.44% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
The gold, silver and copper miner's shares have seen an increase of 20.05% over the last month, surpassing the Basic Materials sector's gain of 3.77% and the S&P 500's gain of 2.72%.
The investment community will be paying close attention to the earnings performance of B2Gold in its upcoming release. The company is expected to report EPS of $0.18, up 800% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.59 per share and a revenue of $3.21 billion, indicating changes of +268.75% and +68.7%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for B2Gold. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.98% higher within the past month. B2Gold currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, B2Gold is holding a Forward P/E ratio of 8.24. This represents a discount compared to its industry average Forward P/E of 15.88.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% 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.
To follow BTG in the coming trading sessions, be sure to utilize Zacks.com.