B2Gold Corp.

Published : June 02nd, 2020

5 Gold Stocks to Add Glitter to Your Portfolio Right Now

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5 Gold Stocks to Add Glitter to Your Portfolio Right Now

Some of the major headlines in 2020 — starting with the U.S-Iran tensions, the coronavirus outbreak in China which soon took the shape of a pandemic, strained U.S.-China relations, and civil unrest in the Unites States — have all fueled a 14.5% year-to-date rally in gold prices. Gold prices are currently around $1,750 an ounce — at a seven-year high. Gold has been, in fact, outperforming most major asset classes this year.

Gold is seen as a safe-haven asset during times of political and economic uncertainty. So far this year, the global uncertainty and financial market volatility stemming from the coronavirus crisis has led investors flocking to gold. Rising animosity between the United States and China over Hong Kong has spurred the safe-haven demand for gold. The United States is likely to revoke Hong Kong’s special status. China would retaliate by limiting the purchase of U.S. products, triggering concerns that the U.S.-Sino Phase One trade deal is about to fall through.

The ongoing demonstrations in the United States have been weighing on market sentiment as well. It has also raised concerns about a spike in coronavirus cases, which has already claimed more than 100,000 lives in the nation. The greenback has also fallen to its lowest since mid-March, further supporting bullion prices.Further, per the Institute for Supply Management’s latest report, the U.S Purchasing Managers’ Index (PMI) came in at 43.1 in May following a 41.5 reading for April. Notably, a reading below 50 denotes contraction. This indicates that the U.S economy will take time to fully recover from the pandemic and the shutdowns mandated by the government to contain the spread of the virus.

On the back of the gold-price rally, the Gold Mining industry has gained 22.6% so far this year as against the S&P 500’s decline of 5.1%. The industry falls under the broader Basic Material sector, which declined 10.4%.



What’s in Store for Gold?

The pandemic has impacted gold production as miners had to suspend operations in accordance to government mandates. Per the World Gold Council, gold production in the first quarter declined 3% year over year — marking the steepest decline since first-quarter 2017. Consequently, an impending demand-supply imbalance bodes well for gold prices.

The uncertainty regarding virus' impact on the global economy and the governments’ stimulus measures are likely to sustain gold until situation stabilizes. It will continue to be the preferred investment option supported by the low interest-rate environment, the pandemic-induced global slowdown as well as political uncertainties.

The gold mining industry currently carries a Zacks Industry Rank #15, which places it at the top 6% of 256 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. In the past year, the industry’s earnings estimates for the current year have been revised upward by 79%.

The combination of higher gold prices and lower oil prices, which make up significant portion of a miner’s costs, is likely to translate into improved operating margins and higher free cash flow for gold miners this year.

We, thus, believe the time is right for investors to add some gold stocks to their portfolio.  We have employed the Zacks Screener to pick five top-ranked gold stocks. Our research shows that stocks with the combination of a VGM Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer good investment opportunities.

You can see the complete list of today’s Zacks #1 Rank stocks here.

5 Promising Stocks

AngloGold Ashanti Limited AU: Based in Johannesburg, South Africa, the company currently flaunts a Zacks Rank #1 and has a VGM Score of A. The company has a long-term estimated earnings growth rate of 19.5%. The Zacks Consensus Estimate for 2020 earnings indicates a year-over-year surge of 113%. The estimates have been revised upward by 6% over the past 60 days.

Barrick Gold Corporation GOLD: Based in Toronto, Canada, this company currently carries a Zacks Rank #2 and has a VGM Score of B. The Zacks Consensus Estimate for current-year earnings suggests a year-over-year improvement of 64.7%. The estimates have moved 23% north over the past 60 days. The company has a trailing four-quarter positive earnings surprise of 15.4%, on average. The company has a long-term anticipated earnings growth rate of 2%.

B2Gold Corp. BTG: The Zacks Consensus Estimate for fiscal 2020 earnings of this Vancouver, Canada-based company suggests growth of a whopping 221.4% compared with the prior fiscal year. The estimate has moved up 7% over the past 60 days. The company surpassed estimates in each of the trailing four quarters, the average positive surprise being 21.5%. The stock currently holds a Zacks Rank #2 and has a VGM Score of A. The company has a long-term projected earnings growth rate of 16.3%.

Pretium Resources Inc. PVG: This Vancouver, Canada based company also carries a Zacks Rank #2 currently and has a VGM Score of A. The Zacks Consensus Estimate for the current fiscal year suggests year-over-year growth of 16.4%. The estimates have gone up 8% over the past 60 days. The company has a trailing four-quarter positive earnings surprise of 33.1%, on average.

Kinross Gold Corporation KGC: Based in Toronto, Canada, the company presently holds a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for ongoing-year earnings indicates a year-over-year jump of 61.8%.The estimate has moved up 17% over the past 60 days.The company has a trailing four-quarter positive earnings surprise of 38.8%, on average.

5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.

See the 5 high-tech stocks now>>


 

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B2Gold Corp.

PRODUCER
CODE : BTO.TO
ISIN : CA11777Q2099
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B2Gold is a gold producing company based in Canada.

Its main assets in production are LIMON and LIBERTAD MINE in Nicaragua, its main assets in development are OROSI in Nicaragua and GRAMALOTE in Colombia and its main exploration properties are MOCOA and QUEBRADONA in Colombia, SAN PEDRO, CALIBRE, TREBOL, EL PAVON and MESTIZA-LA INDIA in Nicaragua, BELLAVISTA in Costa Rica and CEBOLLATI in Uruguay.

B2Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.3 billions as of today (US$ 3.2 billions, € 2.9 billions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.30, and its highest recent level on August 07, 2020 at CA$ 9.99.

B2Gold has 973 449 984 shares outstanding.

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In the News and Medias of B2Gold Corp.
5/24/2019B2Gold said to be in talks to buy Zimbabwe gold project
3/27/2019B2Gold goes ahead with $50 million expansion of Fekola mine
12/24/2014One employee shot dead at B2Gold Masbate project in the Phil...
Annual reports of B2Gold Corp.
2008 Annual report
Financials of B2Gold Corp.
4/1/2011Record Fourth Quarter and 2010 Financial Results
1/29/2011Reports on Fourth Quarter 2010 Gold Production ...
1/29/2011Reports on Fourth Quarter 2010 Gold Production ...
1/29/2011Reports on Fourth Quarter 2010 Gold Production ...
Project news of B2Gold Corp.
10/14/2015B2Gold says to restart operations at Nicaragua mine
10/7/2015Policeman dies amid labor dispute at Nicaragua gold mine
2/18/2014(Calibre)Calibre and B2Gold Initiate Trenching Program on the Minneso...
10/7/2013(Calibre)Calibre and B2Gold Sampling Expands Mineralized Zone at the ...
9/10/2013(Calibre)Calibre Mining and B2Gold Sign Definitive Joint Venture Agre...
1/29/2013Completes Earn Into 51% and Approves Initial $2.0 Million Ph...
2/22/2012(Trebol)Radius & B2Gold Provide Trebol Update: Strong Gold-in-Soil A...
9/19/2011(Gramalote)Gramalote Exploration and Prefeasibility Update
9/16/2011(Cebollati)Cebollati Exploration Results
9/15/2011(Libertad Mine)La Libertad Exploration Results
1/22/2010(Orosi)Exploration Results Near the Orosi Mine, Nicaragua
1/19/2010(Kupol)Kupol West Drill Results Confirm the Presence of Multiple Go...
11/16/2009(Limon)The Limon Mine Labour Dispute Has Been Resolved and the Min...
1/26/2009(Gramalote)Announces an Updated Resource Calculation for the Gramalote ...
1/20/2009(Mocoa)Announces Positive Results from the Diamond Drill Program at...
1/12/2009(Gramalote)Announces Continued Positive Exploration Drill Results from ...
12/18/2008(Quebradona)Announces Additional Positive Exploration Drill Results from...
9/4/2008(Gramalote)Announces a New Gold Discovery at the Gramalote Property in ...
8/5/2008(Quebradona)Announces Continued Positive Exploration Drill Results . . .
7/3/2008(Mocoa)Announces Commencement of Diamond Drill Program at the Moco...
5/28/2008(Quebradona)Announces Positive Stage One Exploration Drill Results From ...
Corporate news of B2Gold Corp.
7/29/2016B2Gold Corp.: Second Quarter and First-Half 2016 Results/Con...
7/29/2016ASX Quarterly Report - June 2016
7/13/2016B2Gold Corp. Achieves Record Second Quarter and First-Half 2...
6/29/2016B2Gold 2016 Exploration Update: West Africa
6/15/2016B2Gold Corp. Announces Results of Vote for Election of Board...
6/9/2016B2Gold Corp.: Notice of 2016 Annual General Meeting - Confer...
5/12/2016B2Gold Corp. Reports First Quarter Results 2016
4/28/2016B2Gold Corp. Reports Quarterly Gold Production for First Qua...
1/22/2016B2Gold Corp. Announces Casualty at the Otjikoto Mine
1/20/2016B2Gold 2015 Exploration Update: High Grade Step Out and Infi...
1/19/2016B2Gold Corp. Announces Filing of Final Base Shelf Prospectus
1/19/2016B2Gold Corp. Reports Record Fourth Quarter and Full-Year 201...
1/14/2016B2Gold Corp. Reports Record Fourth Quarter and Full-Year 201...
12/14/2015B2Gold Corp. Announces Filing of Preliminary Base Shelf Pros...
12/14/2015Ground-Breaking of B2Gold Corp.'s Fekola Project, Mali
10/21/2015Wednesday, October 21, 2015B2Gold Corp. Achieves Record Thir...
10/21/2015B2Gold Corp. Achieves Record Third Quarter and Year-to-Date ...
10/19/2015Edited Transcript of BTO.TO earnings conference call or pres...
10/13/2015Nicaraguan government denies permit to B2Gold mining project
10/7/2015Wednesday, October 7, 2015B2Gold Corp.: El Limon Mine Update...
10/5/2015Monday, October 5, 2015B2Gold Corp.: El Limon Mine Update do...
10/5/2015B2Gold Corp.: El Limon Mine Update
9/11/2015S&P Dow Jones Indices Announces Changes to the S&P/TSX Canad...
8/13/2015B2Gold reports 2Q loss
8/13/2015Thursday, August 13, 2015B2Gold Reports Second Quarter 2015 ...
8/13/2015B2Gold Reports Second Quarter 2015 Results
8/11/2015B2Gold Corp.: Second Quarter Results Conference Call
7/25/2015Saturday, July 25, 2015B2Gold Announces Filing of Technical ...
7/24/2015B2Gold Announces Filing of Technical Report on the Fekola Pr...
7/23/2015Thursday, July 23, 2015B2Gold Corp. Achieves Record Second Q...
7/23/2015B2Gold Corp. Achieves Record Second Quarter and First-Half 2...
7/17/2015Friday, July 17, 2015B2Gold Corp. Announces Results of Vote ...
7/17/2015B2Gold Corp. Announces Results of Vote for Election of Board...
4/15/2015Wednesday, April 15, 2015B2Gold Corp. Reports Record Quarter...
4/15/2015B2Gold Corp. Reports Record Quarterly Gold Production for Fi...
4/15/2015Reports Record Quarterly Gold Production for First Quarter 2...
3/16/2015CANADA STOCKS-TSX set to open higher
3/13/2015Friday, March 13, 2015B2Gold Corp. Achieved Record 2014 Quar...
3/13/2015B2Gold Corp. Achieved Record 2014 Quarterly/Full Year Produc...
3/10/2015Tuesday, March 10, 2015B2Gold Corp. Announces Commercial Gol...
3/10/2015B2Gold Corp. Announces Commercial Gold Production Ahead of S...
2/19/2015B2Gold Corp.: Fourth Quarter and Year End 2014 Results Confe...
1/21/2015B2Gold Corp. Achieves Record 2014 Fourth Quarter and Full-Ye...
1/20/2015B2Gold Announces Updated Higher Grade Gold Resource at Wolfs...
12/23/2014Tuesday, December 23, 2014Fourth Quarter Update at B2Gold Co...
12/23/2014Fourth Quarter Update at B2Gold Corp.'s Masbate Gold Mine
12/11/2014Thursday, December 11, 2014B2Gold Announces First Gold Pour ...
12/11/2014B2Gold Announces First Gold Pour at Otjikoto Ahead of Schedu...
12/9/2014Tuesday, December 9, 2014B2Gold Corp.: Masbate Mine Operatin...
12/9/2014B2Gold Corp.: Masbate Mine Operating Normally Following Typh...
11/14/2014B2Gold Reports 2014 Third Quarter Operational and Financial ...
10/28/2014B2Gold Reports 2014 Third Quarter Gold Production and Revenu...
10/24/2014Friday, October 24, 2014B2Gold Corp.: Third Quarter 2014 Res...
10/24/2014B2Gold Corp.: Third Quarter 2014 Results Conference Call
10/3/2014B2Gold Corp. and Papillon Resources Limited Complete Merger
9/22/2014B2Gold Corp.: Scheme of Arrangement Receives Final Court App...
9/12/2014B2Gold Corp. Shareholders Overwhelmingly Approve the Merger ...
8/15/2012Latest Research - Delivering another solid quarter
4/26/2012(Calibre)Calibre and B2Gold Advance the Minnesota Gold-Copper Project...
4/9/2012(Trebol)Joint News Release B2Gold Corp. Acquires Trebol and Pavon Pr...
5/4/2011Reports First Quarter 2011 Gold Production, Provides Explora...
7/26/2010Sells Interest in Kupol East and West Licenses in Russia to ...
6/21/2010Additional Positive Exploration Results ...
6/15/2010Annual General and Special Meeting Conference Call and Webca...
5/11/2010Corporate Update
8/5/2009Announces Exercise of Over-Allotment Option
7/22/2009Completes $25 Million Common Share Offering
5/20/2009May 19-09
2/9/2009Feb 9
1/27/2009Proposes a Superior Business Combination to Central Sun
7/16/2008Issue of Shares
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