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B2Gold (BTG) closed the latest trading day at $2.92, indicating a +0.69% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.67% for the day. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 0.87%.
Heading into today, shares of the gold, silver and copper miner had gained 8.61% over the past month, outpacing the Basic Materials sector's gain of 0.34% and the S&P 500's loss of 5.28% in that time.
The investment community will be paying close attention to the earnings performance of B2Gold in its upcoming release. The company is forecasted to report an EPS of $0.08, showcasing a 33.33% upward movement from the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.37 per share and a revenue of $2.71 billion, representing changes of +131.25% and +42.6%, respectively, from the prior year.
Any recent changes to analyst estimates for B2Gold should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.33% downward. B2Gold is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, B2Gold is currently trading at a Forward P/E ratio of 7.89. This expresses a discount compared to the average Forward P/E of 14.5 of its industry.
We can additionally observe that BTG currently boasts a PEG ratio of 0.24. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Gold industry had an average PEG ratio of 0.98 as trading concluded yesterday.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 135, this industry ranks in the bottom 46% of all industries, numbering over 250.