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BTO
NYSE: BTO Financials AMC 🔎 Screen
🏹 Trader: 🎯 Near 52W High | BRS 75 Ready View all →
$797M
Market Cap
P/E
PEG
ROCE
9.9%
ROE
0.18
D/E
61.8%
OPM
-4.2%
% from 52W High
62
α RS
🌏 Global Investor Returns
Currency-adjusted total returns for BTO including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC.

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📈 Growth Pattern
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3-Statement Financial Model
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-07
Q2 saw gold production of 204,000 oz, strong mine performance, and the Menankoto Permit approval, enabling Fekola Regional's development. Net income was $417M, with adjusted net income at $41M, and free cash flow expected to rise as prepaid contracts end.
Q1 2026 Q1 2026 2026-05-07
Q1 saw strong operational and financial results, with revenue near $1.2B and free cash flow of $362M. Goose Mine guidance is maintained despite a fire, and the company completed a $325M asset sale, boosting liquidity and enabling continued share buybacks.
Q4 2025 Q4 2025 2026-02-19
Record 2025 revenue of $3B driven by strong mine performance and Goose ramp-up. 2026 guidance anticipates lower production due to Otjikoto transition, offset by Fekola Regional and Goose improvements. Robust cash flow, share buybacks, and major project milestones position for future growth.
Q3 2025 Q3 2025 2025-11-06
Q3 2025 saw strong operational and financial results, with key mines exceeding production and cost targets. Goose Mine reached commercial production but faced temporary output and cost challenges. Guidance for 2026 and beyond remains robust, supported by a strong gold price environment.
Q2 2025 Q2 2025 2025-08-08
Strong Q2 results driven by higher gold prices and lower operating costs, with major construction at Goose Mine nearly complete and production ramp-up on track for September 2025. Fekola, Masbate, and Otjikoto exceeded expectations, and full-year guidance was reiterated.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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