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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 ...
BTG or FNV: Which Is the Better Value Stock Right Now?
zacks.com· 2024-05-17 16:40
Investors interested in stocks from the Mining - Gold sector have probably already heard of B2Gold (BTG) and Franco-Nevada (FNV) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ...
Will B2Gold (BTG) Gain on Rising Earnings Estimates?
zacks.com· 2024-05-16 17:21
Core Viewpoint - B2Gold (BTG) is positioned as a strong investment opportunity due to its improving earnings outlook and positive analyst sentiment [1][2]. Earnings Estimates - Analysts are increasingly optimistic about B2Gold's earnings prospects, leading to a rising trend in estimate revisions, which typically correlates with stock price movements [2]. - For the current quarter, B2Gold is expected to earn $0.06 per share, reflecting a -14.29% change from the previous year [4]. - Over the last 30 days, one estimate has increased while there were no negative revisions, resulting in a 100% increase in the Zacks Consensus Estimate for the current quarter [4]. Current-Year Performance - For the full year, B2Gold is projected to earn $0.26 per share, indicating a -7.14% year-over-year change [5]. - The current year's estimate revisions show four estimates moving higher with no negative revisions, leading to an 18.83% increase in the consensus estimate [5]. Zacks Rank - B2Gold currently holds a Zacks Rank 2 (Buy), supported by favorable estimate revisions, which is a reliable indicator for investors [5]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - B2Gold shares have increased by 6% over the past four weeks, indicating investor confidence in the company's earnings growth potential [7].
Is B2Gold Corp (BTG) Stock Undervalued Right Now?
zacks.com· 2024-05-16 14:41
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these ...
B2Gold: Time To Load Up
Seeking Alpha· 2024-05-10 06:21
tazytaz Investment thesis My interest in the gold mining industry was caused by this precious metal trading at an all-time high. I conducted an analysis of Newmont Corporation (NEM) in February, and today I want to share my opinion about another solid player in the industry, B2Gold (NYSE:BTG). The company's financial performance over the last decade has been quite impressive, with solid revenue growth and profitability expansion. B2Gold has a fortress balance sheet and pays a generous 6.1% dividend yield, w ...
B2Gold (BTG) Q1 Earnings Beat Estimates, Revenues Dip Y/Y
Zacks Investment Research· 2024-05-09 16:50
B2Gold Corp (BTG) reported adjusted earnings per share (EPS) of 6 cents for first-quarter 2024, beating the Zacks Consensus Estimate of 5 cents. The bottom line fell 10% year over year.Including one-time items, the company reported EPS of 3 cents, down 63% year over year.B2Gold generated revenues of $461 million in first-quarter 2023 compared with the prior-year quarter’s $474 million.  In the March-end quarter, B2Gold recorded a consolidated gold production of 214,339 ounces, down 14.5% year over year. The ...
B2Gold(BTG) - 2024 Q1 - Earnings Call Transcript
2024-05-08 19:36
Financial Data and Key Metrics Changes - B2Gold produced over 225,000 ounces of gold in Q1 2024, aligning with expectations, with cash operating costs and all-in sustaining costs both well below annual guidance ranges [9][16][38] - The cash balance at the end of March was $568 million, with no amounts drawn on the revolver, indicating a strong financial position [40][41] Business Line Data and Key Metrics Changes - Fekola produced just under 120,000 ounces of gold, with cash operating costs below annual guidance [16][39] - Masbate produced almost 48,000 ounces of gold, benefiting from lower fuel prices, with both cash operating costs and all-in sustaining costs below guidance [17][39] - Otjikoto produced just over 45,000 ounces of gold, with cash operating costs and all-in sustaining costs also below guidance, aided by a weaker Namibian dollar [39] Market Data and Key Metrics Changes - Current gold prices are favorable, enhancing the company's financial position [18] - The company anticipates a decrease in all-in sustaining costs as capital programs are completed in 2025, with gold production expected to increase [38] Company Strategy and Development Direction - The company is focused on increasing production at the Fekola complex by potentially 100,000 ounces per year through exploration and development [10][11] - B2Gold is investing heavily in exploration, with over half of its $63 million exploration budget allocated to the Fekola region, indicating strong potential for future growth [14] - The company is also restructuring and optimizing its operations to ensure successful project completions and maintain a strong financial position [30][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing discussions with the Mali government regarding the mining code and the potential for increased production [30][50] - The company views 2024 as a transitional year, with expectations for improved production and reduced costs in 2025 as capital programs are completed [38][36] - Management highlighted the importance of maintaining strong relationships with the government and the local community to support future operations [50][34] Other Important Information - The construction of the Goose project is on track, with a slight delay pushing the schedule from Q1 2025 to Q2 2025, but the overall project remains on budget [19][22][45] - The company has spent approximately $840 million on the Goose project to date, with total costs expected to reach around $900 million [98] Q&A Session Summary Question: Can you talk about the trade-offs going forward about capital? - Management is currently evaluating costs and is confident in remaining on budget despite some delays [46] Question: How fast can you get the exploitation permit once everything is set in motion? - If an agreement is reached soon, the exploitation license could be fast-tracked, potentially taking a few months [51] Question: Is the purpose of the drill program to increase confidence in the ore body? - The infill drilling is to corroborate the geological model and improve resource classification, with no concerns about the model's validity [54] Question: What are the expectations for CapEx updates in June? - A significant portion of the capital is already ordered, and updates will focus on committed costs as the project progresses [78] Question: What is the current status of the Echo pit and tailings? - The Echo pit is where tailings will be deposited, and the company is managing resources to avoid additional standby costs during the delay [82][88]
B2Gold Reports Q1 2024 Results; Cash Operating Costs and All-In Sustaining Costs Below 2024 Annual Guidance Ranges; Update on Goose Project Following Successful Completion of 2024 Winter Ice Road Campaign
Newsfilter· 2024-05-07 22:20
VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX:BTO, NYSE:BTG, NSX: B2G))) ("B2Gold" or the "Company") announces its operational and financial results for the first quarter of 2024. All dollar figures are in United States dollars unless otherwise indicated. 2024 First Quarter Highlights Total gold production of 225,716 ounces in Q1 2024, in-line with expectations: Total gold production in the first quarter of 2024 was 225,716 ounces, including 11,377 ounces of attributable pr ...