B2Gold (TSE:BTO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$448.2m (down 6.2% from 3Q 2023).

• Net loss: US$633.8m (loss widened by US$590.7m from 3Q 2023).

• US$0.48 loss per share (further deteriorated from US$0.033 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

B2Gold EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 7.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for B2Gold (1 is concerning!) that you need to take into consideration.

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