B2Gold(US:BTG) ZACKSยท2024-09-19 23:21Company Performance - B2Gold (BTG) closed at $3.31, reflecting a +1.53% change from the previous day, underperforming the S&P 500 which gained 1.7% [1] - Over the past month, B2Gold shares increased by 12.8%, outperforming the Basic Materials sector's gain of 1.1% and the S&P 500's gain of 1.27% [1] Earnings Forecast - The upcoming earnings report for B2Gold is anticipated, with projected earnings per share (EPS) of $0.05, unchanged from the same quarter last year [2] - For the entire year, Zacks Consensus Estimates forecast earnings of $0.27 per share and revenue of $1.92 billion, indicating declines of -3.57% and -0.81% respectively compared to the previous year [2] Analyst Estimates - Recent adjustments to analyst estimates for B2Gold are important, as positive revisions indicate optimism regarding the company's business and profitability [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks producing an average annual return of +25% since 1988 [5] - Currently, B2Gold holds a Zacks Rank of 3 (Hold), with the consensus EPS projection decreasing by 2.58% in the past 30 days [5] Valuation Metrics - B2Gold has a Forward P/E ratio of 12.07, which is lower than the industry average Forward P/E of 16.15 [6] - The company also has a PEG ratio of 0.51, compared to the Mining - Gold industry average PEG ratio of 0.66 [6] Industry Overview - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 137, placing it in the bottom 46% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]