Q: Peter; Could you update your thoughts on BTO , plus I saw in July that it was .09% ,in the after hours US market. I can’t find the US symbol anywhere- could you find it ? Thanks.
Rod
Rod
5i Research Answer:
B2Gold trades as BTG on the NYSE. We do not know what the 0.09% refers to. It is $4.06 US as of yesterday's close. It has made a big recovery along with the sector, and is now up 66% YTD. It remains very cheap at 7X earnings with a 1.97% dividend. The balance sheet is solid. Very good earnings growth is expected this year, but is expected to flatline (based on consensus) next year. Cash flow is good, but the last quarter was a bit mixed. All in, it has improved fundamentally, and investors are looking at it again. It is priced well, but would still not be amongst our favourites in the sector.