|Bid||0.0000 x 40700|
|Ask||0.0000 x 38500|
|Day's Range||3.5000 - 3.6600|
|52 Week Range||2.1500 - 4.0200|
|Beta (3Y Monthly)||-0.44|
|PE Ratio (TTM)||326.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.50|
B2Gold (BTG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Stocks got absolutely crushed at the start of August. From Wednesday's less dovish than hoped for rate cut onward, the stock market went into steep decline. President Donald Trump's latest provocations in the trade war only added to the nervous mood on Wall Street. Instead of looking for stocks to invest in, traders headed for the exits.The S&P 500 dropped far under the psychological 3,000 level. Meanwhile the Dow Jones Industrial Average shed 1,000 points from its recent highs. Tech stocks got particularly hammered.With all that selling, however, comes opportunity. In particular, a lot of folks are looking for lower-priced stocks that could move back up quickly once the market finds its footing. While stock price alone doesn't indicate a company's value or riskiness -- it is market cap that counts more -- low-priced shares are often more volatile. As a result, these stocks could bounce back in a hurry as the market recovers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Here are seven stocks to invest in now following the recent market declines. Stocks to Invest in: Fitbit (FIT)Source: Shutterstock Fitbit (NYSE:FIT) just announced another lousy quarter. Traders, not surprisingly, have pummeled the stock down to fresh 52-week lows. And, since its IPO, FIT stock is now down a crushing 90%. Since February alone, FIT stock has lost nearly half its remaining value.But it's not game over for Fitbit just yet. That's because the company has a substantial net cash position. It should exit 2019 with something like $550 million to $600 million in cash against a market cap of just $850 million. This means that a competitor can buy Fitbit for something like $1.2 billion -- a nearly 50% premium to the current depressed stock price -- and still only pay $600 million to get the actual company net of cash.Why would a competitor buy Fitbit? To compete with Apple (NASDAQ:AAPL). Apple's watches are doing well, and it is hard for Fitbit to compete as a standalone company. They are having to cut expenses, including research, which makes it hard to keep up. By contrast, a competitor with far more resources could benefit from having the Fitbit brand and reinvigorating it with more tech and marketing dollars. FIT stock will likely continue to erode in value if nothing happens, however, so be careful of that. The exit strategy here is clearly a takeover. Lloyds Banking Group (LYG)Source: Shutterstock Britain's will-they-or-won't-they Brexit drama has taken another turn. The controversial right-wing figure Boris Johnson became Britain's newest prime minister just over a week ago. Already, his new government was dealt a blow. A special election dropped Johnson's conservative party majority to just one seat. This heightens speculation that Johnson will need to call new elections before Oct. 31, which is the current deadline for the United Kingdom to leave the European Union.All this uncertainty has led British assets to fall even farther. The British pound is back to its 2016 lows against the dollar and is threatening to hit new all-time lows against the euro. People are dumping everything British. Lloyds Banking Group (NYSE:LYG), the $45 billion financial giant, has seen its stock slump from $2.80 to $2.45 just in the past few weeks. But is it really so bad?For one thing, the Brexit drama has been running for more than three years now. The British economy has already slowed down due to uncertainty. At this point, any businesses and consumers who were going to act out of worry about Brexit have done so already. On the plus side, Johnson is promising pro-business measures. He's often described as a British Trump, which certainly raises people's concerns. But if you bought stocks when Trump was elected, you've done very well. Johnson could usher in a similar surprise for beaten-down British stocks. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates LYG stock in particular is now offering a more than 7% trailing-12-month dividend yield. It's trading at just 9x trailing and 8x forward earnings. It is also at less than 80% of book value. Even mediocre large banks tend to trade for at least book value if not a slight premium, which would suggest LYG stock is worth closer to $3.50 instead of the current $2.50 price. Groupon (GRPN)Source: Shutterstock Groupon (NASDAQ:GRPN) certainly isn't a hot stock anymore. At one time, people thought Groupon could be the internet's next big advertising platform. In fact, Groupon was so popular that rivals like Living Social attracted multi-billion dollar valuations as well. Well, the hype has definitely worn off. But Groupon is far from dead, and its share price discount makes it one of our stocks to invest in.The company has consolidated its rivals and faces little meaningful competition in its niche anymore. And business is still strong; there are plenty of people who like coupons, after all.It's not all great news for Groupon. The company's revenues have been declining at a single digit rate in recent years. It is trying to offset that with bigger average deal and international expansion. However, with the company's strong cash position, it has plenty of time to turn things around. Additionally, trading at less than 10x cash flow and 5x EBITDA, GRPN stock is cheap for an internet property. That could make it a takeover target for a larger firm or private equity. Cemex (CX)Source: Wikimedia CommonsIf you're like many people, the last time you heard about Cemex (NYSE:CX) was a few years ago when CNBC was hyping a few trades to take advantage of the Trump election. In theory, Cemex was supposed to be a great pick because they'd supply cement to build the wall. For a variety of reasons, this never played out, and CX stock has dropped 50% since then, including a 20% decline just over the past month.But with Cemex totally off everyone's radars, it has now become one of our stocks to invest in. Although Cemex is a Mexican company, it is one of the largest cement producers in America as well. Not surprisingly, investors have dumped the stock given concerns about the American economy and the uncertainty in Mexico since the new government took over there last winter.However, this consensus is mistaken. For one thing, Mexico's economic outlook is still strong, particularly with the North American Free Trade Agreement replacement deal now heading for approval. And the panic over a potential U.S. recession seems overblown. The jobs numbers and consumer confidence are both still near 20-year highs. Additionally, the Federal Reserve rate cuts will lower interest rates, allowing businesses to borrow more money. This, in turn, leads to more construction. * 10 Stocks to Buy on the Trade War Dip Why buy Cemex stock specifically? The company is selling off non-core European assets at favorable valuation ratios to reduce its debt. With that taken care of, the company should return more capital to shareholders in coming years. On a current EV/EBITDA basis, CX stock should be worth closer to $5 instead of the current $3.25 price. Additionally, when CX stock traded down to $3 in both 2012 and 2016, it subsequently rebounded to $10. A similar repeat now would cause shares to triple from here. B2Gold (BTG)Source: Shutterstock I last discussed B2Gold (NYSEAMERICAN:BTG) in my "3 Stocks Under $3 To Consider" article earlier this summer. BTG stock is no longer eligible for that category, as shares have surged 20% in recent weeks to top the $3 mark. In fact, BTG stock just hit fresh 52-week highs on Wednesday despite the broad market selling.I'd refer you back to my previous article for a more detailed overview of B2Gold's operations. The summary, however, remains that it is one of the most diversified smaller gold mining operations out there with impressive growth and an above-average caliber management team.More broadly, gold is continuing to power higher this summer, and silver has started tagging along for the ride. This indicates that investor sentiment for precious metals is rapidly heating up. Throw in the recent Fed rate cut and market unease elsewhere and things are coming together nicely for the precious metals here. BTG stock will continue to ride that wave higher. Sandstorm Gold (SAND)Source: Shutterstock With gold stocks on an absolute tear, it's worth featuring another one among our stocks to invest in as well. Sandstorm Gold (NYSEAMERICAN:SAND) is different from most gold firms because it is a streamer, not a miner. That means that it gets royalties from the production of other company's mines. In effect, Sandstorm is a specialty mining finance operation. This greatly reduces operating risk, because the mining firm, not the royalty owner, takes the hit if the mine fails to live up to expectations or other issues such as strikes or geopolitical problems occur.Over the past decade, while gold mining stocks, as a sector, have lost close to half their value in composite, the streamers have gained value. And Sandstorm, as one of the smallest and fastest-growing, has incredible leverage to the upside in the price of gold. Sandstorm just announced record gold-equivalent ounces of production last quarter. And it has big new asset streams coming online over the next couple of years. * 10 Cyclical Stocks to Buy (or Sell) Now SAND stock is already close to a double from last year's lows. But it could have a lot farther to go, especially if gold tops $1,500/oz this fall. Republic First Bancorp (FRBK)Source: Shutterstock Republic First Bancorp (NASDAQ:FRBK) is the last of our stocks to invest in. It's also in the doghouse at the moment. The northeastern regional bank has dropped from $7.50 in December to near $4 per share this summer. But it may not stay there long.Republic First has a few positive features that most small banks lack. For one, it has a superstar backer in the form of Vernon Hill. Hill led Commerce Bank to such great success that Canadian giant Toronto-Dominion Bank (NYSE:TD) eventually acquired it. Hill used that success to launch Metro Bank in the U.K. and bolster Republic First over here. He owns a large chunk of FRBK stock, and First Republic has brought in many of Hill's executives from Commerce to work for it.Republic First is now growing aggressively. It's posting double-digit deposit and loan growth rates. On top of that, the bank is set to open a premium Manhattan branch location at the corner of 14th St. and 5th Ave., which is a massive pedestrian traffic spot. Combine the bank's aggressive growth with its book value -- currently $4.22 -- and there's a lot to like. Downside on the stock is most limited as it already merely trades for book. But with 15%-20% growth in deposits and loans annually, this thing could take off in a hurry, as it is one of the fastest-growing Northeastern banks.At the time of this writing, Ian Bezek owned SAND stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post 7 Stocks Under $7 to Invest in Now appeared first on InvestorPlace.
Global equities are trying to hold steady on Thursday amid ongoing worries about the U.S.-China trade fight after Beijing unleashed a competitive currency devaluation earlier this week. President Donald Trump has responded, explaining on Twitter (of course!) That he is not thrilled with the strong dollar and the Federal Reserve's resistance to deeper interest rate cuts.Both sides seem to be digging in for a long fight -- and that's bolstering precious metals to multi-year highs. After all, the weapons of choice in the battle are abuses of the fiat currency system as more and more of the global bond market trades with negative yields. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates After years of neglect and stolen attention from bitcoin and other cryptocurrencies, gold and silver are back in the limelight. And many mining stocks are extremely cheap after being left out for so long. Here are four worth a look right now:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gold Stocks to Buy Now: IAMGOLD (IAG)IAMGOLD (NYSE:IAG) shares are pulling back hard today, down over 16%, presenting a nice buying opportunity after an impressive near-80% rally off of its late-May lows. A lowering of forward production guidance and the reporting of some soft numbers is responsible for the pullback -- but are all based on backward looking data that is set to change as underlying gold prices push higher.The company will next report results on Nov. 6 after the close. When the company last reported on Aug. 7, a loss of three cents per share missed estimates by two cents on an 11.1% decline in revenues. Yamana Gold (AUY)Shares of Yamana Gold (NYSE:AUY) are going vertical, nearly doubling off of the lows set in late May to return to levels not seen since early 2018. An extended push here back to the 2016 highs would be worth a gain of roughly 70% from here. Back in July, the company announced a pre-feasibility study for its Agua Rica project in Argentina which increased proven and probable gold reserves by 12%. * 10 Stocks to Buy on the Trade War Dip The company will next report results on Oct. 24 after the close. Analysts are looking for earnings of a penny per share on revenues of $348.2 million. When the company last reported on July 25, earnings of two cents per share matched estimates on a 6.4% rise in revenues. B2Gold (BTG)Shares of B2Gold (NYSEAMERICAN:BTG) stock are breaking up and out of a sideways consolation range going back to 2016, rising nearly 60% off of the lows set in late May to return to its post-IPO highs set back in 2012 and 2013. The company continues to expand operations at its facilities in Nicaragua and Colombia.The company will next report results on Nov. 5 after the close. Analysts are looking for earnings of five cents per share one revenues of $349.2 million. When the company last reported on Aug. 6 earnings of five cents beat estimates by two cents on a 10.3% rise in revenues. Kinross Gold (KGC)Shares of Kinross Gold (NYSE:KGC) stock are extending higher, furthering a push off of their 200-day moving average, returning to the highs set in 2016. The company was among the names listed by Barclays analysts as likely to enjoy a price multiple rerating by the market amid a bull market in gold and silver. Higher prices allow for margin expansion and the restarting of investment in mining facilities. That, in turn, will boost output and further margin expansion in a virtuous cycle. * 10 Cyclical Stocks to Buy (or Sell) Now The company will next report results on Nov. 6 after the close. Analysts are looking for earnings of six cents per share on revenues of $898.5 million. When the company last reported on July 31, earnings of six cents per share beat estimates by three cents on an 8.1% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 4 Cheap Gold Stocks to Buy Now appeared first on InvestorPlace.
Buying pressure on gold is likely to remain firm as investors will focus on precious metals as a store of wealth and hedge against market turmoil.
Given the record gold production in the second quarter, B2Gold Corp (BTG) remains poised to meet its 2019 gold production guidance of 935,000-975,000 ounces.
VANCOUVER , Aug. 6, 2019 /PRNewswire/ - B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its operational and financial results ...
The immediate effect of President Trump's tweet was seen on Wall Street as the three major stock indexes ---- the Dow, S&P 500 and Nasdaq Composite ---- plunged.
B2Gold (BTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.