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

BEPC Stock
BEPC Stock

B2Gold Corp. (AMEX:BTG) finished Thursday with a subtraction of -$0.03 to close at $3.12, a downside of -0.95 percent. An average of 10,049,180 shares of common stock have been traded in the last five days. There was a fall of -$0.17 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 10,280,640 shares traded, while the 50-day average volume stands at 10,862,782.

BTG stock has decreased by -6.31% in the last month. The company shares reached their 1-month lowest point of $2.91 on 09/01/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $2.91 and a high of $5.07 in 52 weeks. It has reached a new high 22 times so far this year and lost -20.61% or -$0.81 in price. In spite of this, the price is down -38.46% from the 52-week high.

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Valuation Metrics

B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 5.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.87, the price-to-book (PB) ratio at 1.28.

Financial Health

Its gross profit as reported stood at $768.55 million compared to revenue of $1.76 billion.

Earnings Surprise

For the three-month period that ended March 30, B2Gold Corp. had $4.79 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $293.38 million in the quarter, while revenues were grew 84.62%. The analyst consensus anticipated B2Gold Corp.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.06, a 20.00% surprise. For the quarter, EBITDA amounted to $97.81 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 22 September was 37.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.12%.

As of today, BTG’s price is $3.23 -5.17% or -$0.17 from its 5-day moving average. BTG is currently trading -7.96% lower than its 20-day SMA and -26.59% lower than its 100-day SMA. However, the stock’s current price level is -6.31% below the SMA50 and -17.24% below the SMA200.

The stochastic %K and %D were 33.90% and 45.26%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 24.24% and the average true range at 0.15, the RSI (14) stands at 40.81%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.

Analyst Ratings

JP Morgan downgraded B2Gold Corp. (AMEX: BTG) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 1 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”.


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