B2Gold (BTG) Stock Declined on Earnings Miss

NEW YORK (TheStreet) -- B2Gold  (BTG) shares closed trading down 0.58% to $1.70 on Friday after the Canadian gold producer reported its first quarter financial results before the opening bell today.

The company reported first quarter net income of $6.3 million after reporting a first quarter loss in the year ago period. However, the company reported earnings that were less than one cent on a per share basis, falling short of analysts' 1 cent per share expectations.

The company generated revenue of $139 million during the quarter, topping analysts $130.21 million expectations.

TheStreet Ratings team rates B2GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate B2GOLD CORP (BTG) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

BTG Chart BTG data by YCharts

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