B2Gold Corp reports results for the quarter ended in June - Earnings Summary

B2Gold

09/08/2024 01:17

* B2Gold Corp  BTO.TO  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 7 cents per share. Wall Street expected
results to range from 6 cents to 9 cents per share.
    * Revenue rose 4.6% to $492.57 million from a year ago;
analysts
expected $471.35 million. 
    * B2Gold Corp's reported EPS for the quarter was a loss of 2
cents​.
    * B2Gold Corp shares had risen by 2.5% this quarter and
lost 10.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the gold peer
group is
also "buy"

Wall Street's median 12-month price target for B2Gold Corp is
C$6.00 
This summary was machine generated from LSEG data August 9 at
12:17 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.14           0.05           Missed
 Mar. 31 2024      0.24                          
 Dec. 31 2023      0.17           0.16           Missed
 Sep. 30 2023      0.15           0.08           Missed