B2Gold Corp. (AMEX:BTG) saw a downside of -0.64% to close Tuesday at $3.12 after subtracting -$0.02 on the day. The 5-day average trading volume is 7,962,940 shares of the company’s common stock. It has gained $3.39 in the past week and touched a new high 1 time within the past 5 days. An average of 6,691,180 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,053,132.
BTG’s 1-month performance is -12.85% or -$0.37 on its low of $3.09 reached on 08/08/23. The company’s shares have touched a 52-week low of $2.81 and high of $4.40, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, BTG has lost -12.61% or -$0.45 and has reached a new high 12 times. However, the current price is down -29.09% from the 52-week high price.
Valuation Metrics
BTG stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.19 while the price-to-book (PB) in the most recent quarter is 1.10.
The trailing 12-month EBITDA margin is 52.29%. The firm’s gross profit as reported stood at $604.24 million against revenue of $1.73 billion.
Earnings Surprise
Net income and sales went down 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. EBITDA for the quarter stood at more than $253.8 million. BTG stock balance sheet for the recent quarter shows that total liabilities totaled 791.85 million, with total debt at $55.6 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 08 August was 21.92% to suggest the stock is trending oversold, with historical volatility in this time period at 21.44%.
The stock’s 5-day moving average is $3.19, reflecting a -7.96% or -$0.27 change from its current price. BTG is currently trading -13.33% above its 20-day SMA, -10.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.90% and SMA200 by+6.85%.
Stochastic %K and %D was 4.41% and 5.52% and the average true range (ATR) pointed at 0.11. The RSI (14) points at 28.91%, while the 14-day stochastic is at 4.51% with the period’s ATR at 0.11. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.27 on the 14-day charts.
Analyst Ratings
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 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 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 $4.25 and a high of $7.20, with their median price target at $5.61. Looking at these predictions, the average price target given by analysts is for B2Gold Corp. (BTG) stock is $5.56.
