B2Gold Corp. (AMEX:BTG) saw an upside of 1.99% to close Monday at $3.07 after adding $0.06 on the day. The 5-day average trading volume is 7,743,680 shares of the company’s common stock. It has gained $3.10 in the past week and touched a new high 1 time within the past 5 days. An average of 7,874,165 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,496,496.
BTG’s 1-month performance is -14.96% or -$0.54 on its low of $2.96 reached on 08/10/23. 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 -14.01% or -$0.50 and has reached a new high 12 times. However, the current price is down -30.23% from the 52-week high price.
Valuation Metrics
BTG stock has a beta of 0.99.
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
For the quarterly period ending June 29 this year, 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. Analysts expected BTG to announce $0.07 per share in earnings in its latest quarter, but it posted $0.07, representing a 0.00% surprise. EBITDA for the quarter stood at more than $253.8 million. BTG stock balance sheet for the quarter ending June 29 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 21 August was 36.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.92%.
The stock’s 5-day moving average is $3.03, reflecting a +0.33% or $0.01 change from its current price. BTG is currently trading -14.48% above its 20-day SMA, -23.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.05% and SMA200 by-2.54%.
Stochastic %K and %D was 16.24% and 13.14% and the average true range (ATR) pointed at 0.09. The RSI (14) points at 35.26%, while the 14-day stochastic is at 25.58% with the period’s ATR at 0.10. The stock’s 9-day MACD Oscillator is pointing at -0.02 and -0.07 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 $5.57. Looking at these predictions, the average price target given by analysts is for B2Gold Corp. (BTG) stock is $5.52.
