Almost all gold mining companies reported record profits as the yellow metal soared in 2020. However, gold stocks have come down significantly this year as the gold retrenched. One stock that has seen a notable fall recently is B2Gold (TSX:BTO) (NYSE:BTG). It has fallen more than 40% after topping last month and is currently trading close to its 10-month lows.
For the year 2021, B2Gold aims to produce 1 million ounces of gold, close to its 2020 output. It is a $6 billion gold producer that operates three mines in Namibia, Mali, and Burkina Faso. Higher production and higher realized gold prices could boost its earnings in 2021. B2Gold is a financially sound, dividend-paying company that has delivered substantial shareholder returns over the long term.
Interestingly, B2Gold stock is remarkably undervalued at the moment. If the yellow metal resumes its upward journey, BTO stock could see enormous gains and could outperform peers mining stocks.
For the year 2021, B2Gold aims to produce 1 million ounces of gold, close to its 2020 output. It is a $6 billion gold producer that operates three mines in Namibia, Mali, and Burkina Faso. Higher production and higher realized gold prices could boost its earnings in 2021. B2Gold is a financially sound, dividend-paying company that has delivered substantial shareholder returns over the long term.
Interestingly, B2Gold stock is remarkably undervalued at the moment. If the yellow metal resumes its upward journey, BTO stock could see enormous gains and could outperform peers mining stocks.