B2Gold Corp. (BTG) Shares: Are They Risky Or Cheap?

B2Gold Corp. (AMEX:BTG) finished Wednesday with an addition of $0.24 to close at $3.90, an upside of 6.56 percent. An average of 7,008,240 shares of common stock have been traded in the last five days. There was a gain of $0.28 in the past week. The last 20 days have seen an average of 7,249,365 shares traded, while the 50-day average volume stands at 6,912,654.

BTG stock has increased by 1.83% in the last month. The company shares reached their 1-month lowest point of $3.30 on 09/29/21. With the stock rallying to its 52-week high on 01/05/21, shares of the company touched a low of $3.30 and a high of $7.14 in 52 weeks. In spite of this, the price is down -45.38% from the 52-week high.


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Valuation Metrics

B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 6.40, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, B2Gold Corp.’s PE ratio has ranged between 387.00 and 5.893. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.42, the price-to-book (PB) ratio at 1.56.

B2Gold Corp. will next go ex-dividend on 9-Dec. The next dividend payment B2Gold Corp. will make is expected to be $0.04.

On the profitability front, the trailing 12-month gross margin 5-year average of 29.0%. B2Gold Corp.’s EBITDA margin for the year ending June 29 is 66.55%. Its gross profit as reported stood at $958.29 million compared to revenue of $1.79 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. B2Gold Corp.’s return on assets was 1.8% over the last five years. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

The analyst consensus anticipated B2Gold Corp.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.05, a -28.60% surprise. For the quarter, EBITDA amounted to $186.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at B2Gold Corp. (BTG) price momentum. RSI 9-day as of the close on 13 October was 73.05%, suggesting the stock is Overbought, with historical volatility in this time frame at 34.99%.

As of today, BTG’s price is $3.69 +7.73% or $0.28 from its 5-day moving average. BTG is currently trading +1.56% higher than its 20-day SMA and -26.28% lower than its 100-day SMA. However, the stock’s current price level is -6.47% below the SMA50 and -29.09% below the SMA200.

The stochastic %K and %D were 76.79% and 71.97%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 98.36% and the average true range at 0.13, the RSI (14) stands at 63.70%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.

Analyst Ratings

The consensus rating for B2Gold Corp. (BTG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BTG, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.

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

Analysts predict a range of price targets between $4.35 and $9.21, with a median target of $6.86. Taking a look at these predictions, the average price target given by analysts for B2Gold Corp. (BTG) stock is $6.87.

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