A month has gone by since the last earnings report for B2Gold (BTG) . Shares have added about 23.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is B2Gold due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, fresh ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Alluvial Gold Research offers in-depth research on my favorite miners, ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and real-time buy/sell alerts, as well as the following:Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTG, BTO:CA, AEM, AEM:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expr ...

Core Viewpoint - B2Gold Corp. is facing challenges due to mine delays and cost overruns at its Back River gold mine, which have impacted its operations and financial performance [1]. Group 1: Company Challenges - The delays and cost overruns at the Back River gold mine are significant issues for B2Gold Corp. [1]. Group 2: Analyst Background - The author of the article has extensive experience in investment management, having spent five years as a co-founder and hedge fund CIO, and previously worked as a hedge fund analyst/portfolio manager [1].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: B2Gold (BTG) - B2Gold currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [3] Price Performance - Over the past week, BTG shares have increased by 13.9%, outperforming the Zacks Mining - Gold industry, which rose by 7.12% [5] - In a longer timeframe, BTG shares have risen 24.09% over the past three months and 19.3% over the last year, while the S&P 500 has shown a decline of -0.42% and a gain of 13.57%, respectively [6] Trading Volume - BTG's average 20-day trading volume is 45,755,264 shares, indicating a bullish sentiment as rising stocks with above-average volume are generally seen as positive [7] Earnings Outlook - In the last two months, 8 earnings estimates for BTG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.37 to $0.51 [9] - For the next fiscal year, 7 estimates have also moved higher, reinforcing the positive outlook for the company [9] Conclusion - Given the strong price performance, positive earnings revisions, and favorable trading volume, BTG is positioned as a solid momentum pick with a 2 (Buy) rating and a Momentum Score of B [10]

Company Overview - B2Gold (BTG) is part of the Basic Materials sector, which includes 232 individual stocks and currently holds a Zacks Sector Rank of 5 [2] - B2Gold belongs to the Mining - Gold industry, which consists of 39 companies and is ranked 18 in the Zacks Industry Rank [6] Performance Metrics - B2Gold has returned approximately 38.5% year-to-date, significantly outperforming the Basic Materials sector average return of 7.5% [4] - Over the past three months, the Zacks Consensus Estimate for B2Gold's full-year earnings has increased by 33.2%, indicating improved analyst sentiment [4] Comparative Analysis - In comparison, another Basic Materials stock, Akzo Nobel NV (AKZOY), has returned 13.3% year-to-date and has a Zacks Rank of 1 (Strong Buy) [5] - The Mining - Gold industry, to which B2Gold belongs, has an average gain of 45.2% this year, suggesting that B2Gold is slightly underperforming its industry [6] - Conversely, Akzo Nobel NV is part of the Chemical - Diversified industry, which has declined by 15.6% year-to-date [6] Investment Outlook - Investors in the Basic Materials sector should monitor B2Gold and Akzo Nobel NV for their continued strong performance [7]

Company Overview - B2Gold is a mid-tier, geographically diversified gold miner headquartered in Canada, with aggressive expansion plans [1] - The company operates three mines: Fekola in Mali, Masbate in the Philippines, and Otjikoto in Namibia [1] Investment Outlook - The article suggests a potential beneficial long position in B2Gold through stock purchases or call options within the next 72 hours [2]

Core Viewpoint - B2Gold (BTG) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions reflects growing optimism among analysts regarding B2Gold's earnings prospects, which is expected to positively impact its stock price [2]. - The current quarter's earnings estimate is projected at $0.09 per share, indicating a year-over-year increase of +50%. Over the last 30 days, the Zacks Consensus Estimate has risen by 45.83% due to one upward revision and no negative changes [6]. - For the full year, B2Gold is expected to earn $0.51 per share, representing a substantial change of +218.75% from the previous year. In the past month, four estimates have been revised upward with no negative revisions [7]. Zacks Rank and Performance - B2Gold has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward. This rank is based on a system that has historically shown strong performance, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3][8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [8]. Stock Performance - B2Gold's stock has increased by 9.1% over the past four weeks due to strong estimate revisions, suggesting that there may still be further upside potential [9].

Company Performance - B2Gold (BTG) has returned 28.7% year-to-date, significantly outperforming the Basic Materials sector, which has gained about 7.1% on average [4] - Over the past 90 days, the Zacks Consensus Estimate for BTG's full-year earnings has increased by 19.2%, indicating improving analyst sentiment and a positive earnings outlook [3] Industry Comparison - B2Gold belongs to the Mining - Gold industry, which includes 39 companies and currently ranks 47 in the Zacks Industry Rank. The average gain for this industry is 62.2% year-to-date, suggesting that BTG is slightly underperforming its industry [5] - In contrast, Akzo Nobel NV, which is part of the Chemical - Diversified industry, has a year-to-date performance of 9.5% and a Zacks Rank of 1 (Strong Buy) [4][5]

Core Viewpoint - B2Gold Corp reported strong financial results for the first quarter of 2025, with adjusted earnings per share (EPS) exceeding expectations and significant year-over-year improvements in revenue and gross profit [1][3]. Financial Performance - Adjusted EPS for Q1 2025 was 9 cents, beating the Zacks Consensus Estimate of 8 cents, and representing a 50% increase year over year [1]. - Including one-time items, the reported EPS was 4 cents, up 33% year over year [1]. - Revenues for the quarter reached $532 million, compared to $461 million in the same quarter last year, marking a year-over-year increase of 15.4% [1]. - Gross profit rose to $238 million, a 29.1% increase from the prior year, with a gross margin improvement to 44.7% from 39.9% [3]. Production and Costs - Consolidated gold production for the quarter was 192,752 ounces, down 10.1% year over year but above company expectations [2]. - Cash operating costs were $832 per ounce, up 15.9% year over year, while all-in sustaining costs were $1,533 per ounce, a 13.9% increase [2]. Cash Flow and Balance Sheet - Cash and cash equivalents at the end of Q1 2025 were $330 million, slightly down from $337 million at the end of 2024 [4]. - The company generated $179 million in cash from operating activities, a significant decrease from $711 million in the year-ago quarter [4]. - Long-term debt decreased to approximately $398 million from $421 million at the end of 2024 [4]. Production Guidance - B2Gold is on track to meet its total gold production guidance of 970,000-1,075,000 ounces for 2025, with the Goose Project expected to contribute 120,000-150,000 ounces in its first year of production [5]. Stock Performance - B2Gold's shares have increased by 14.8% over the past year, compared to a 45.7% growth in the industry [6].