Where Does B2Gold Corp. (BTG) Rank When It Comes To Price-To-Earnings Ratio?


B2Gold Corp. (AMEX:BTG) finished Thursday with an addition of $0.05 to close at $3.60, an upside of 1.41 percent. An average of 7,113,060 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 9,373,605 shares traded, while the 50-day average volume stands at 10,280,722.

BTG stock has increased by 4.05% in the last month. The company shares reached their 1-month lowest point of $3.30 on 12/12/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $2.81 and a high of $5.07 in 52 weeks. It has reached a new high 22 times so far this year and lost -8.40% or -$0.33 in price. In spite of this, the price is down -28.99% from the 52-week high.

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Valuation Metrics

B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 16.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.32, the price-to-book (PB) ratio at 1.34.

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 June 29, 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 $0.04, a -20.00% surprise. For the quarter, EBITDA amounted to $148.73 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 29 December was 57.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.56%.

As of today, BTG’s price is $3.59 +0.84% or $0.03 from its 5-day moving average. BTG is currently trading +3.45% higher than its 20-day SMA and +2.86% higher than its 100-day SMA. However, the stock’s current price level is +19.60% above the SMA50 and -16.86% below the SMA200.

The stochastic %K and %D were 76.18% and 80.30%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 72.94% and the average true range at 0.13, the RSI (14) stands at 56.65%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

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”.

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

Analysts predict a range of price targets between $3.87 and $7.70, with a median target of $5.15. Taking a look at these predictions, the average price target given by analysts for B2Gold Corp. (BTG) stock is $5.26.


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