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Why B2Gold (BTG) Dipped More Than Broader Market Today
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B2Gold (BTG - Free Report) ended the recent trading session at $5.24, demonstrating a -1.69% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 0.67%.
Shares of the gold, silver and copper miner witnessed a gain of 24.24% over the previous month, beating the performance of the Basic Materials sector with its gain of 0.97%, and the S&P 500's gain of 4.06%.
Market participants will be closely following the financial results of B2Gold in its upcoming release. On that day, B2Gold is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 800%.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.59 per share and revenue of $3.21 billion. These totals would mark changes of +268.75% and +68.7%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for B2Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.73% rise in the Zacks Consensus EPS estimate. B2Gold currently has a Zacks Rank of #3 (Hold).
With respect to valuation, B2Gold is currently being traded at a Forward P/E ratio of 9.06. Its industry sports an average Forward P/E of 16.91, so one might conclude that B2Gold is trading at a discount comparatively.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why B2Gold (BTG) Dipped More Than Broader Market Today
B2Gold (BTG - Free Report) ended the recent trading session at $5.24, demonstrating a -1.69% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 0.67%.
Shares of the gold, silver and copper miner witnessed a gain of 24.24% over the previous month, beating the performance of the Basic Materials sector with its gain of 0.97%, and the S&P 500's gain of 4.06%.
Market participants will be closely following the financial results of B2Gold in its upcoming release. On that day, B2Gold is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 800%.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.59 per share and revenue of $3.21 billion. These totals would mark changes of +268.75% and +68.7%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for B2Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.73% rise in the Zacks Consensus EPS estimate. B2Gold currently has a Zacks Rank of #3 (Hold).
With respect to valuation, B2Gold is currently being traded at a Forward P/E ratio of 9.06. Its industry sports an average Forward P/E of 16.91, so one might conclude that B2Gold is trading at a discount comparatively.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.