| B2Gold Corp. Releases Figures on Preliminary Production | |
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- By Alberto Abaterusso
B2Gold Corp. (BTG) is a miner to watch in 2018. The company is forecasting an average consolidated gold production of 930,000 ounces for 2018. Compared to 2017, this represents a 47.5% transformational growth, which is supported by the entry of the Fekola mine in Mali.
Thanks to the Malian asset, the 2017 gold production exceeded the guidance limit that was established by the company during the year. The expectation was that the asset would produce between 580,000 ounces and 625,000 ounces of gold.In 2017, B2Gold Corp. produced 630,565 ounces of gold, a 14.6% increase from 2016. The chart below illustrates B2Gold Corp.'s annual gold production over the last five years. With a RSI (14) of almost 54, it looks like the stock has yet reached neither overbought nor oversold levels. The recommendation rating is 1.5 out of 5. Only one analyst has produced its target price on B2Gold Corp to date, which is $3.50. This means that this analyst foresees a 19% appreciation of the stock before Jan 2019. Among B2Gold Corp's top institutional holders, FMR, LLC stands out with 14.47% of shares outstanding and Van Eck Associates Corporation with 11.18% as of Sept. 29. The company is reporting 979.17 million shares outstanding. (Disclosure:I have no positions in B2Gold Corp.) This article first appeared on GuruFocus.
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B2Gold Corp.
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PRODUCER |
CODE : BTO.TO |
ISIN : CA11777Q2099 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
B2Gold is a gold producing company based in Canada. Its main assets in production are LIMON and LIBERTAD MINE in Nicaragua, its main assets in development are OROSI in Nicaragua and GRAMALOTE in Colombia and its main exploration properties are MOCOA and QUEBRADONA in Colombia, SAN PEDRO, CALIBRE, TREBOL, EL PAVON and MESTIZA-LA INDIA in Nicaragua, BELLAVISTA in Costa Rica and CEBOLLATI in Uruguay. B2Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 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. |