As of Thursday close, B2Gold Corp.’s (AMEX:BTG) stock was down -$0.05, moving down -1.59 percent to $3.09. The average number of shares traded per day over the past five days has been 5,439,520 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.02 fall in that time frame. In the last twenty days, the average volume was 7,365,550, while in the previous 50 days, it was 6,724,064.
Since last month, BTG stock retreated -6.36%. Shares of the company fell to $2.96 on 08/10/23, the lowest level in the past month. A 52-week high of $4.40 was reached on 04/13/23 after having rallying from a 52-week low of $2.81. Since the beginning of this year, BTG’s stock price has dropped by -13.45% or -$0.48, and marked a new high 12 times. However, the stock has declined by -29.77% since its 52-week high.
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Valuation Metrics
Right now, B2Gold Corp. (BTG) has a P/E ratio of about 11.44. The stock’s beta is 0.97.
Financial Health
Based on annual data, BTG earned $604.24 million in gross profit and brought in $1.73 billion in revenue.
In B2Gold Corp.’s quarter-end financial report for June 29, it reported total debt of $4.79 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BTG’s revenue rose 100.0% during the quarter, while net income inched up to $1.16 billion. While analysts expected B2Gold Corp. to report $0.07 quarterly earnings, the actual figure was $0.07 per share. During the quarter, the company generated $253.8 million in EBITDA. The liabilities of B2Gold Corp. were 791.85 million at the end of its most recent quarter ended June 29, and its total debt was $55.6 million.
Technical Picture
This quick technical analysis looks at B2Gold Corp.’s (BTG) price momentum. With a historical volatility rate of 27.68%, the RSI 9-day stood at 45.11% on 31 August.
With respect to its five-day moving average, the current B2Gold Corp. price is down by -0.64% percent or -$0.02. At present, BTG shares trade -4.04% below its 20-day simple moving average and -25.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.46% below its SMA50 and -13.69% below its SMA200.
Stochastic coefficient K was 71.67% and Stochastic coefficient D was 68.98%, while ATR was 0.09. Given the Stochastic reading of 55.00% for the 14-day period, the RSI (14) reading has been calculated as 42.12%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.05.
Analyst Ratings
B2Gold Corp. (BTG) has been rated Buy by analysts. According to 0 brokerage firms, BTG is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate B2Gold Corp. stock as buy, with 10 recommending it as overweight.
With a median target price of $5.56, the current consensus forecast for the stock is $4.25 – $7.20. Based on these forecasts, analysts predict B2Gold Corp. (BTG) will achieve an average price target of $5.51.
