B2Gold Corp. (BTG): What Does Valuation Ratios Tell Us?

B2Gold Corp. (AMEX:BTG) saw a downside of -1.37% to close Monday at $3.60 after subtracting -$0.05 on the day. The 5-day average trading volume is 5,782,100 shares of the company’s common stock. It has gained $3.80 in the past week. An average of 6,953,100 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,725,812.

BTG’s 1-month performance is -1.64% or -$0.06 on its low of $3.30 reached on 09/29/21. The company’s shares have touched a 52-week low of $3.30 and high of $7.14, with the stock’s rally to the 52-week high happening on 01/05/21. YTD, BTG has lost -35.71% or -$2.00. However, the current price is down -49.58%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 387.00 and a low of 5.893. BTG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.24 while the price-to-book (PB) in the most recent quarter is 1.44.

It is projected that B2Gold Corp.’s next ex-dividend date will be on 9-Dec. BTG is expected to distribute $0.04 as its next dividend.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BTG to announce $0.07 per share in earnings in its latest quarter, but it posted $0.05, representing a -28.60% surprise. EBITDA for the quarter stood at more than $186.4 million. BTG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 557.68 million, with total debt at $93.52 million

Technical Picture

Let’s look briefly at B2Gold Corp. (BTG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 52.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.17%.

The stock’s 5-day moving average is $3.60, reflecting a +2.86% or $0.10 change from its current price. BTG is currently trading -5.01% above its 20-day SMA, -30.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -14.08% and -35.94% respectively.

Stochastic %K and %D was 71.79% and 72.28% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 48.78%, while the 14-day stochastic is at 60.00% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at 0.12 and 0.13 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for BTG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BTG as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.

What is BTG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.35 and a high of $9.21, with their median price target at $7.08. Looking at these predictions, the average price target given by analysts is for B2Gold Corp. (BTG) stock is $6.89.


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