Research Recommendations For B2Gold Corp. (BTG): Here is What You Should Know

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B2Gold Corp. (AMEX:BTG) saw a downside of -1.44% to close Monday at $4.10 after subtracting -$0.06 on the day. The 5-day average trading volume is 9,760,960 shares of the company’s common stock. It has gained $4.18 in the past week and touched a new high 4 times within the past 5 days. An average of 9,212,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,850,368.

BTG’s 1-month performance is 16.81% or $0.54 on its low of $3.53 reached on 12/28/22. The company’s shares have touched a 52-week low of $2.81 and high of $5.07, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, BTG has achieved 14.85% or $0.53 and has reached a new high 7 times. However, the current price is down -19.13% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.64 while the price-to-book (PB) in the most recent quarter is 1.53.

The firm’s gross profit as reported stood at $768.55 million against revenue of $1.76 billion.

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. Net income grew 84.62% to $293.38 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BTG to announce $0.05 per share in earnings in its latest quarter, but it posted $0.04, representing a -20.00% surprise. EBITDA for the quarter stood at more than $148.73 million. BTG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 545.86 million, with total debt at $66.63 million.

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 23 January was 63.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.07%.

The stock’s 5-day moving average is $4.09, reflecting a -1.91% or -$0.08 change from its current price. BTG is currently trading +14.85% above its 20-day SMA, +28.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.02% and SMA200 by-10.48%.

Stochastic %K and %D was 90.34% and 86.49% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 63.68%, while the 14-day stochastic is at 84.75% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.15 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for B2Gold Corp. (AMEX: BTG), JP Morgan downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. 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 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 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 $3.71 and a high of $6.30, with their median price target at $5.10. Looking at these predictions, the average price target given by analysts is for B2Gold Corp. (BTG) stock is $5.04.

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