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Is It Worth Investing in B2Gold (BTG) Based on Wall Street's Bullish Views?
ZACKS· 2024-06-06 14:35
Core Insights - The average brokerage recommendation (ABR) for B2Gold (BTG) is 1.46, indicating a consensus between Strong Buy and Buy [4] - Of the 13 recommendations contributing to the ABR, 69.2% are Strong Buy and 15.4% are Buy [2] - The Zacks Consensus Estimate for B2Gold's earnings has increased by 6.4% over the past month to $0.26 [10] Brokerage Recommendations - Brokerage recommendations often exhibit a positive bias due to the vested interests of the firms, leading to a higher number of Strong Buy ratings compared to Strong Sell [5][8] - The ABR is calculated based on brokerage recommendations and is not necessarily reflective of actual stock price movements [3][6] - Analysts' recommendations may mislead investors more often than they guide them effectively [8] Zacks Rank - The Zacks Rank for B2Gold is 2 (Buy), driven by recent earnings estimate revisions [11] - Zacks Rank is a quantitative model that reflects earnings estimate revisions and is displayed in whole numbers, contrasting with the decimal-based ABR [7][13] - The Zacks Rank is timely and correlates strongly with near-term stock price movements, making it a more effective indicator than the ABR [14][15] Investment Implications - The positive sentiment reflected in the ABR and Zacks Rank may indicate potential for stock price appreciation in the near term [16][17] - Investors are encouraged to use the ABR in conjunction with their own research and the Zacks Rank for informed investment decisions [6][12]
B2Gold 2024 Annual General and Special Meeting: Leading Independent Proxy Advisory Firms, Glass Lewis and ISS, Recommend Shareholders Vote FOR All Proposed Items
Newsfilter· 2024-06-06 12:00
At the Meeting, shareholders are being asked to vote on four items: Shareholders who have questions or need assistance with voting their shares, should contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone at +1 877-452-7184 (North America – toll free) or +1 416-304-0211 (outside North America), or by email at assistance@laurelhill.com. If you are a non-registered shareholder, you will be able to attend, participate and/or vote at the Meeting online via live webcast only if you duly ...
Sandbox Royalties and B2Gold Partner to Create Versamet Royalties
Newsfile· 2024-06-06 11:05
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - Sandbox Royalties Corp. ("Sandbox") has entered into a definitive purchase and sale agreement (the "Agreement") with B2Gold Corp. ("B2Gold"), pursuant to which it has agreed to acquire a portfolio of 10 royalties (the "B2Gold Royalty Portfolio") from B2Gold in exchange for approximately US$90 million in share consideration (the "Transaction"). (1) In connection with the Transaction, Sandbox has agreed to issue approximately 153.2 million common ...
B2Gold and Sandbox Royalties Partner to Create Versamet Royalties; B2Gold Receives $90 Million Equity Interest in Versamet
Newsfilter· 2024-06-06 11:00
Core Viewpoint - B2Gold Corp. has entered into a strategic partnership to sell a portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp., now renamed Versamet Royalties Corporation, which is expected to unlock value from previously unrecognized assets [8][11]. Company Overview - B2Gold is a low-cost international senior gold producer based in Vancouver, Canada, with operating mines in Mali, Namibia, and the Philippines, and a project under construction in Canada [1]. - The company forecasts total consolidated gold production of between 860,000 and 940,000 ounces in 2024 [1][4]. Transaction Details - Under the terms of the agreement, Versamet will issue 153.2 million common shares to B2Gold at a price of C$0.80 per share, representing a 33.0% equity ownership interest valued at approximately $90 million [9]. - The royalties included in the transaction consist of various net smelter return (NSR) and net profit royalties on projects owned by other companies, including West African Resources Ltd. and AngloGold Ashanti Ltd. [9]. - B2Gold has retained ownership of a 22.5% silver royalty on Glencore's Hackett River project [10]. Strategic Implications - The transaction allows B2Gold to unlock the value of its royalties, which were not a core part of its business, while retaining significant upside exposure as a major shareholder in Versamet [11]. - The first phase of the transaction closed on June 5, 2024, with B2Gold receiving 122.0 million shares valued at approximately $72 million [11]. - An Investor Rights Agreement has been established, allowing B2Gold to nominate a member to Versamet's Board of Directors and participate in future capital raises [12]. Future Outlook - The remaining royalties in the transaction are subject to rights that are expected to lapse or be exercised within the next 60 days, with the second phase of the transaction anticipated to close thereafter [11]. - Versamet's royalty portfolio now includes 28 royalties, with two currently cash flowing and several expected to generate cash flow soon [12].
B2Gold and Sandbox Royalties Partner to Create Versamet Royalties; B2Gold Receives $90 Million Equity Interest in Versamet
GlobeNewswire News Room· 2024-06-06 11:00
VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") to sell a portfolio of 10 precious and base metals royalties (the "Royalties") to Sandbox Royalties Corp. ("Sandbox"), a private, returns-focused metals royalty company (the "Transaction"). In connection with the Transaction, Sandbox has been renamed Versamet Royalties C ...
B2Gold Releases its Eighth Annual Responsible Mining Report and its Third Annual Climate Strategy Report
Newsfilter· 2024-06-03 21:45
VANCOUVER, British Columbia, June 03, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX:BTO) (NYSE:BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has published its eighth annual Responsible Mining Report entitled "Raising the Bar" (the "Report"), which details B2Gold's global economic contributions and its environmental, social, and governance management practices, together with the Company's performance against key indicators in 2023. Full details are outlined in the Report, which is a ...
BTG vs. TFPM: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-06-03 16:46
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Investors interested in stocks from the Mining - Gold sector have probably already heard of B2Gold (BTG) and Triple Flag Precious Metals (TFPM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found th ...
Are Investors Undervaluing B2Gold Corp (BTG) Right Now?
ZACKS· 2024-06-03 14:46
Core Insights - The article emphasizes the importance of value investing and highlights specific stocks that exhibit strong value characteristics, particularly B2Gold Corp (BTG) and Centerra Gold (CGAU) [1][2][10] Company Analysis: B2Gold Corp (BTG) - BTG has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [3] - The stock's P/E ratio is 8.36, significantly lower than the industry average of 15.18, suggesting it may be undervalued [3] - BTG's Forward P/E has ranged from 8.12 to 12.69 over the past year, with a median of 10.18 [3] - The PEG ratio for BTG is 0.33, compared to the industry average of 0.45, indicating favorable growth expectations relative to its price [4] - BTG's P/B ratio is 0.94, below the industry average of 1.26, which may suggest an attractive valuation [5] - The P/S ratio for BTG is 1.9, significantly lower than the industry average of 3.75, reinforcing its value proposition [6] - BTG's P/CF ratio is 10.37, which is appealing compared to the industry's average of 11.83, indicating strong cash flow relative to its price [7] Company Analysis: Centerra Gold (CGAU) - CGAU also holds a Zacks Rank of 2 (Buy) and a Value grade of A, making it another attractive option for value investors [8] - The Forward P/E ratio for CGAU is 10.15, while the industry average is 15.18, suggesting it may be undervalued [8] - CGAU's PEG ratio is 0.71, which is lower than the industry average of 0.45, indicating potential for growth [8] - The P/B ratio for CGAU is 0.89, below the industry average of 1.26, suggesting a favorable valuation [9] - Over the past year, CGAU's P/E has fluctuated between 9.76 and 212.86, with a median of 14.81, indicating volatility but also potential for value [9] Conclusion - Both B2Gold Corp and Centerra Gold exhibit strong value characteristics, with various valuation metrics indicating they may be undervalued in the current market [10]
From Pennies to Profits: 3 Low-Priced Stocks Destined for Greatness
Investor Place· 2024-05-30 17:01
Group 1: Penny Stocks Overview - Penny stocks are highly speculative but can offer significant advantages for investors willing to embrace higher risk, especially in bull markets where they can enhance risk-adjusted returns due to potential price appreciation [2][3] - Major indices like the S&P 500 and Nasdaq are expected to continue their upward trajectory, which could positively impact penny stocks aiming for substantial ROI [3] Group 2: B2Gold (BTG) - B2Gold is a gold mining company with a strong production profile, producing 214,339 ounces of gold in Q1 2024, aligning with expectations and on track to meet its annual production guidance [4] - The company anticipates a record production year in 2025, estimating production between 1,130,000 to 1,260,000 ounces of gold [4] - B2Gold reported cash and cash equivalents of $568 million in Q1 2024, an increase from $307 million at the end of 2023, and generated $461 million in gold revenue despite a year-over-year decline [5] Group 3: Tilray Brands (TLRY) - Tilray Brands operates in the cannabis industry and reported a net revenue of $177 million in Q1 2024, a 15% increase year-over-year, with Q2 2024 reaching a record $194 million, marking a 34% increase [7] - The company continues to expand its market share in Canada to 13.4%, with international cannabis revenue growing by 37% [8] - There is a belief that the cannabis market's potential is yet to be fully realized, positioning companies like Tilray as valuable opportunities in this growing industry [8] Group 4: Transocean (RIG) - Transocean provides offshore drilling services and reported a net income of $98 million in Q1 2024, significantly improving from a net loss of $104 million in the previous quarter [10] - The company has a strong backlog of $8.9 billion, ensuring stable future revenues and has successfully reduced operating and maintenance expenses from $569 million to $523 million [11] - The outlook for oil prices remains robust, which is favorable for companies like Transocean, also exploring natural gas as a long-term option [11]
B2Gold (BTG) Gains From Focus on Mine Growth Amid Cost Woes
zacks.com· 2024-05-27 16:31
B2Gold Corp. (BTG) is benefiting from its ongoing strategy of maximizing profitable mine production, moving forward with its remaining development and exploration projects. However, inflationary costs, primarily fuel and labor, will hurt margins in the upcoming quarters. Nonetheless, B2Gold has a strong balance sheet and maintains a robust cash position. Ongoing Strategy Boosts Results: The company will benefit from its ongoing strategy of maximizing profitable mine production, moving forward with its remai ...