TICKER: BTO:TSX; BGLPF:OTCQX
B2Gold Corp. is a Vancouver-based gold producer with two mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia, Namibia and Uruguay. It was founded as a private company in 2007 by the former executives and management team of Bema Gold Corp. and completed a CA$100M initial public offering the same year. B2Gold's objective is to continue to be a leader in building shareholder value through optimizing gold production at existing mines and through the exploration and development of existing projects and potential acquisitions.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Brian Szeto, Stonecap Securities
"B2Gold Corp. had a number of one-time adjustments during the quarter, but they were mostly related to the acquisition of CGA Mining Ltd; however, after backing out these one-time items, both adjusted EPS and CFPS were in line with our expectations. We continue to expect that the company will have a strong year operationally with each of its three operations improving throughout the year."
"B2Gold Corp. reported solid Q1/13 results that saw the company earn $0.07/share, which was ahead of our estimate of $0.05 and consensus estimates of $0.06. . .as of March 31, 2013, the company's balance sheet remained strong with $120.7M in cash. . .additional value has been surfaced through sale of a 1.2% net smelter royalty on the Brucejack gold project owned by Pretium Resources Inc. to Franco-Nevada Corp. for $45M in cash."
Chris Thompson, Raymond James
"We rate shares of B2Gold Corp. Outperform and are maintaining our $4.75 target price. . .Q1/13 financial results were in line with estimates and consensus. . .we continue to view the company as being well positioned to ride out any period of continued metal price weakness, supported by a strong balance sheet and an experienced operating team."
Jamie Spratt, Clarus Securities
"B2Gold Corp. reported another solid quarter with Q1/13 results that were ahead of our financial and operational estimates; pre-reported companywide production was 79.7 Koz at cash operating costs of $722/oz. . .in our view, B2Gold remains a top pick in the intermediate space based on a fully funded growth profile, compelling exploration upside and a proven management team at the helm. In the current environment, we also believe that B2Gold should be a go to name given its mix of quality low cost assets and balance sheet strength."
Michael Gray, Macquarie Capital Markets
"B2Gold Corp. released Q1/13 earnings before market open, delivering another solid quarter. Adjusted EPS of $0.07 was a slight beat compared to consensus of $0.06. . .we continue to rate the company with an Outperform recommendation and $3.50 target. . .B2Gold is our top pick amongst the intermediate producers."
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