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B2Gold Set to Report Q2 Earnings: What's in Store for the Stock?

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Key Takeaways

  • {\"0\":\"BTG is expected to post Q2 EPS of $0.15, suggesting y/y rise from $0.06, with estimates up 15.4% in 60 days.\",\"1\":\"Higher gold prices and increased Fekola production likely boosted BTG\'s Q2 revenue performance.\",\"2\":\"Input cost inflation and FX pressures are likely to have weighed on BTG\'s Q2 profit margins.\"}

B2Gold Corp (BTG - Free Report) is slated to report second-quarter 2025 earnings results on Aug. 7, after the closing bell.

The Zacks Consensus Estimate for BTG’s second-quarter earnings is pegged at 15 cents, indicating significant growth from the 6 cents reported a year ago. The consensus estimate has moved 15.4% north in the past 60 days.

 

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BTG’s Earnings Surprise History

B2Gold delivered an earnings beat in one of the trailing four quarters and lagged in the other three, the average negative surprise being 38.9%.

 

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What the Zacks Model Unveils for B2Gold

Our proven model does not conclusively predict an earnings beat for BTG this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here, as you can see below.

You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Earnings ESP: B2Gold has an Earnings ESP of +2.22%.

Zacks Rank: BTG currently carries a Zacks Rank of 3.

Factors Likely to Have Shaped BTG’s Q2 Performance

Several factors have contributed to the upward trajectory of gold prices in 2025, including increased geopolitical tensions, a depreciating U.S. dollar, the potential for monetary policy easing, continuous purchasing by central banks and tariff conditions.

Backed by these, the yellow metal broke through the $3,500-per-ounce threshold for the first time in April 2025. This momentum in the prices of gold is likely to have improved B2Gold’s performance in the to-be-reported quarters.

B2Gold expects to recoup the lost production at Fekola in 2025. In 2024, B2Gold reached an agreement with the Mali government regarding the ownership and earnings distribution of the Fekola gold mining complex. The Mali government  has also committed to issuing the necessary permits for Fekola Regional and the exploitation phase of Fekola underground at a quicker pace. 

The impacts of higher year-over-year gold production and prices are expected to get reflected in B2Gold’s top line in the second quarter of 2025.

However, BTG has been witnessing cost inflation pressure across all sites, impacting input prices, including reagents, fuel and consumables. Higher fuel and labor costs, coupled with a stronger foreign exchange rate, are driving total costs. These headwinds are expected to have somewhat impacted the company’s second-quarter margins.

B2Gold’s Share Price Performance

BTG shares have gained 30.5% in the past year compared with the industry's growth of 46.8%.

 

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Other Stocks to Consider

Here are some stocks with the right combination of elements to post an earnings beat in their upcoming releases.

Hudbay Minerals Inc. (HBM - Free Report) , slated to release second-quarter 2025 earnings on Aug. 13, currently has an Earnings ESP of +1.12% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Hudbay Minerals’ earnings for the second quarter is pegged at 11 cents per share. The estimate indicates a significant climb from the break-even earnings in the year-ago quarter. Hudbay Minerals has a trailing four-quarter average earnings surprise of 50%.

Triple Flag Precious Metals Corp. (TFPM - Free Report) , scheduled to release second-quarter 2025 earnings on Aug. 6, presently has an Earnings ESP of +2.80% and a Zacks Rank of 3.

Triple Flag’s earnings for the second quarter are pegged at 21 cents per share, indicating year-over-year growth of 61.5%. Triple Flag has a trailing four-quarter average earnings surprise of 6.7%.

The Mosaic Company (MOS - Free Report) , scheduled to release second-quarter 2025 earnings on Aug. 5, has an Earnings ESP of +10.45% and a Zacks Rank #3.

The Zacks Consensus Estimate for MOS's earnings for the second quarter of 2025 is pegged at 67 cents, indicating an increase of 21.5% from the year-ago quarter’s reported figure.

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