Take A Look At Insider Trading For B2Gold Corp. (BTG)

The stock of B2Gold Corp. (AMEX:BTG) increased by remained unchanged at $4.34, up 2.12 percent. The last five days have seen an average of 7,992,820 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$1.26. The average number of shares traded over the last 20 days was 7,123,895, while the average volume over the last 50 days totaled 7,073,924.

BTG stock appreciated 25.43% since last month. On 09/29/21, the company’s shares reached a one-month low of $3.30. The stock touched a high of $7.08 on 01/05/21, after rallying from a low of $3.30 in 52 weeks. The price of BTG stock has declined by -22.50% or -$1.26 this year, reaching a new high 2 times. Still, the stock price is down -38.70% from the 52-week high.


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Valuation Metrics

B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 7.13. This level actually compares favorably with the industry at large, as the PE for the Gold industry stands at about 14.73. Further, its PE also compares favorably with the Basic Materials sector’s trailing 12 months PE ratio, which comes in at 13.81 right now. The PE ratio of B2Gold Corp. has varied between 387.00 and 5.893 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.70, the price-to-book (PB) ratio of 1.74.

Based on annual data, it had gross profit of $958.29 million and revenue of $1.79 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROE has averaged -13.62 in the past year for the broader industry.

Earnings Surprise

According to B2Gold Corp.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.16 billion, while revenues rose by 100.0% to $0.0. It was predicted that B2Gold Corp.’s quarterly earnings would be $0.01, but it ended up being $0. EBITDA was $186.4 million for the quarter. At the end of B2Gold Corp.’s most recent quarter ended September 29, its liabilities totaled 557.68 million, while its total debt was $93.52 million.

Technical Picture

Here’s a quick look at B2Gold Corp.’s (BTG) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 83.60%, suggesting the stock is Overbought, with a 32.08% historical volatility rate.

The stochastic %K and %D were 92.49% and 94.70% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 85.19%, the RSI (14) reading is 75.27%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at 0.39.

Analyst Ratings

Analysts have assigned B2Gold Corp. (BTG) an Buy rating. BTG is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.

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

The current consensus forecast for the stock is between $4.49 and $9.31, with a median target price of $6.50. In analyzing these forecasts, the average price target given by analysts for B2Gold Corp. (BTG) is $6.79.

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