B2Gold Corp (NYSE:BTG) is a mineral property exploration and development company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BTG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that B2Gold could be a solid choice for investors.
Current Quarter Estimates for BTG
In the past 30 days, one estimates have gone higher for B2Gold while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from one cent a share 30 days ago, to two cents a share today, a move of 50%.
Current Year Estimates for BTG
Meanwhile, B2Gold’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 5 cents per share 30 days ago to 6 cents per share today, a move of 20%.
B2Gold Corp Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 22.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks Editor-in-Chief Goes ""All In"" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
B2Gold Corp (BTG): Free Stock Analysis Report
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