Yahoo Finance Today’s Research Reports on Stocks to Watch: B2Gold Corp. and Royal Gold
NEW YORK, NY / ACCESSWIRE / April 12, 2018 / Precious metal gold hit a milestone yesterday, hitting its highest level since August of 2016. The move came after President Trump threatened a missile strike in Syria. Shares of gold companies B2Gold Corp. and Royal Gold both saw modest gains yesterday. Both companies also released updates on their operations and production.
RDI Initiates Coverage on:
B2Gold Corp.
https://rdinvesting.com/news/?ticker=BTG
Royal Gold, Inc.
https://rdinvesting.com/news/?ticker=RGLD
B2Gold Corp. shares closed up 5.09% on nearly 9.9 million shares traded yesterday. The company announced yesterday its gold production and gold revenue for the first quarter. B2Gold experienced record quarterly consolidated gold production of 239,684 ounces for the quarter. This was an 81% increase over the same period a year ago. The company also reported record quarterly consolidated gold revenue of $344.3 million, representing a growth of 135% from the year ago quarter. It was almost a month ago that the company reported its fourth quarter financial results that missed earnings per share estimates. Net income for the quarter was $29.9 million. Adjusted earnings for non-recurring gains was $0.01 a share. Wall Street had been waiting for earnings of 2 cents a share. Consolidated Gold Revenue posted for the quarter was $174 million, and for the full year, was $638.7 million.
Access RDI's B2Gold Corp. Research Report at:
https://rdinvesting.com/news/?ticker=BTG
Royal Gold, Inc. shares closed up 1.27% on Wednesday with nearly 600,000 shares traded. The company provided an update yesterday on its third-quarter fiscal 2018 operations and said that during the quarter its fully owned subsidiary RGLD Gold AG, sold about 63,000 gold equivalent ounces consisting of roughly 49,000 gold ounces, 272,000 silver ounces and 2,000 tons of copper related to its streaming agreements. The company ended the quarter ended Mar 31, 2018, with 26,000 ounces of gold and 659,000 ounces of silver. Royal Gold released its second quarter financial results back in February that were in line with estimates and prompted Canaccord Genuity analyst Tony Lesiak to upgrade the stock from "hold" to "buy." The analyst also increased his price target from $101 to $102. At the time, Royal Gold CEO and President, Tony Jensen, remarked, "We are pleased to deliver another quarter of strong, steady performance."
Access RDI's Royal Gold, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RGLD
Our Actionable Research on B2Gold Corp. (NYSE: BTG) and Royal Gold, Inc. (NASDAQ: RGLD) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
