B2Gold Corporation welcomes the new quarter with a positive estimation of a 300 percent increase in its earnings per share (EPS), quadrupling previous quarter’s $ 0.01.
The company’s analysts, however, see a -42.86 percent EPS growth. This is due to the $ 0.07 EPS B2Gold had previously.
The stock also decreased 1.72 percent or $ 0.07 during the last session, reaching $ 4. Around 2.56 million shares were traded.
Nevertheless, B2Gold will profit $ 39.61 million giving it a price-earnings (P/E) ratio of 25.00 if the projected $ 0.04 EPS is correct.
The Vancouver based mining company, together with its subsidiaries, is involved in explorations and development of mineral properties in Nicaragua, Namibia, Colombia, Burkina Faso, Finland, and the Philippines.
B2Gold mainly mines for gold, silver, and copper deposits. It has a current market capitalization of $ 3.96 billion and a 39.22 P/E ratio.
Here in the Philippines, B2Gold’s operation is located in the province of Masbate covering an area of approximately 15,209 hectares.
