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Why B2Gold (BTG) Dipped More Than Broader Market Today
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B2Gold (BTG - Free Report) closed at $4.58 in the latest trading session, marking a -1.19% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.06%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.06%.
Shares of the gold, silver and copper miner witnessed a gain of 3.12% over the previous month, trailing the performance of the Basic Materials sector with its gain of 8.18%, and outperforming the S&P 500's gain of 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of B2Gold in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.22, signifying a 2,100.00% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.52 per share and a revenue of $3.12 billion, demonstrating changes of +225% and 0%, respectively, from the preceding 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.08% lower. At present, B2Gold boasts a Zacks Rank of #4 (Sell).
With respect to valuation, B2Gold is currently being traded at a Forward P/E ratio of 6.69. This denotes a discount relative to the industry average Forward P/E of 12.83.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Why B2Gold (BTG) Dipped More Than Broader Market Today
B2Gold (BTG - Free Report) closed at $4.58 in the latest trading session, marking a -1.19% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.06%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.06%.
Shares of the gold, silver and copper miner witnessed a gain of 3.12% over the previous month, trailing the performance of the Basic Materials sector with its gain of 8.18%, and outperforming the S&P 500's gain of 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of B2Gold in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.22, signifying a 2,100.00% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.52 per share and a revenue of $3.12 billion, demonstrating changes of +225% and 0%, respectively, from the preceding 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.08% lower. At present, B2Gold boasts a Zacks Rank of #4 (Sell).
With respect to valuation, B2Gold is currently being traded at a Forward P/E ratio of 6.69. This denotes a discount relative to the industry average Forward P/E of 12.83.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.