B2Gold (NYSEAMERICAN:BTG) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) announced its quarterly earnings results on Thursday. The basic materials company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04), Briefing.com reports. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The company had revenue of $789.35 million during the quarter, compared to analysts’ expectations of $836.33 million. During the same period last year, the firm earned $0.12 earnings per share. B2Gold’s revenue for the quarter was up 14.0% on a year-over-year basis.

B2Gold Stock Up 23.0%

BTG traded up $0.94 during trading on Friday, reaching $5.03. The stock had a trading volume of 71,334,042 shares, compared to its average volume of 31,617,436. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 0.33 and a beta of 0.66. The stock’s 50 day moving average is $4.03 and its two-hundred day moving average is $4.65. B2Gold has a one year low of $3.46 and a one year high of $6.28.

Key Stories Impacting B2Gold

Here are the key news stories impacting B2Gold this week:

• Positive Sentiment: Mali granted B2Gold’s subsidiary the Menankoto exploitation permit. Along with the existing Dandoko exploration permit, the authorization expands the company’s Fekola Regional land position and supports potential future growth around its Fekola mine. B2Gold granted Fekola Regional exploitation permit by Mali government
• Positive Sentiment: B2Gold reported strong operating performance at its Fekola, Masbate and Otjikoto mines, with quarterly gold production above expectations and all-in sustaining costs below expectations. Higher gold prices also helped lift revenue 14% year over year to approximately $789 million. B2Gold Reports Q2 2026 Results
• Neutral Sentiment: Trading in BTG was temporarily halted for news pending, likely reflecting the market’s reaction to the Mali permit announcement. The stock also experienced unusually high options activity, indicating heightened investor interest and positioning but not establishing a clear directional signal. B2Gold sees unusually large options volume
• Negative Sentiment: Second-quarter adjusted EPS was $0.03, below the $0.07 analyst consensus, while revenue also trailed estimates of approximately $836 million. Earnings declined from $0.12 per share a year earlier, and B2Gold narrowed its 2026 production guidance, despite higher gold prices and solid mine-level performance. BTG Q2 earnings miss estimates

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BTG. Royal Bank Of Canada cut their target price on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group decreased their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.50.

Institutional Trading of B2Gold

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its position in B2Gold by 248.2% during the 4th quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after buying an additional 16,639,601 shares in the last quarter. Condire Management LP purchased a new position in B2Gold during the fourth quarter valued at $50,807,000. Marshall Wace LLP boosted its holdings in B2Gold by 1,124.3% in the fourth quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock worth $38,591,000 after acquiring an additional 7,857,774 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in B2Gold in the fourth quarter worth $32,899,000. Finally, Mackenzie Financial Corp grew its stake in shares of B2Gold by 472.1% in the fourth quarter. Mackenzie Financial Corp now owns 8,193,157 shares of the basic materials company’s stock worth $37,252,000 after acquiring an additional 6,761,114 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

About B2Gold

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.