The stock of B2Gold Corp. (AMEX:BTG) increased by $0.05 on Monday to finish at $3.09, up 1.64 percent. The last five days have seen an average of 5,906,760 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.48. The average number of shares traded over the last 20 days was 7,739,350, while the average volume over the last 50 days totaled 7,382,580.
BTG stock dropped -10.17% since last month. On 08/10/23, the company’s shares reached a one-month low of $2.96. The stock touched a high of $4.40 on 04/13/23, after rallying from a low of $2.81 in 52 weeks. The price of BTG stock has declined by -13.45% or -$0.48 this year, reaching a new high 12 times. Still, the stock price is down -29.77% from the 52-week high.
Valuation Metrics
B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 11.44. Beta for the stock is 0.99.
Financial Health
Based on annual data, it had gross profit of $604.24 million and revenue of $1.73 billion.
Earnings Surprise
According to B2Gold Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.16 billion, while revenues rose by 100.0% to $0.0. It was predicted that B2Gold Corp.’s quarterly earnings would be $0.07, but it ended up being $0.07. EBITDA was $253.8 million for the quarter. At the end of B2Gold Corp.’s most recent quarter ended June 29, its liabilities totaled 791.85 million, while its total debt was $55.6 million.
Technical Picture
Here’s a quick look at B2Gold Corp.’s (BTG) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 45.05%, suggesting the stock is Neutral, with a 26.47% historical volatility rate.
The stochastic %K and %D were 54.98% and 50.00% respectively, while the average true range (ATR) was 0.10. Based on the 14-day stochastic reading of 63.41%, the RSI (14) reading is 41.33%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.02.
Analyst Ratings
Analysts have assigned B2Gold Corp. (BTG) an Buy rating. BTG is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is BTG’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.25 and $7.20, with a median target price of $5.56. In analyzing these forecasts, the average price target given by analysts for B2Gold Corp. (BTG) is $5.52.
