As of Wednesday close, B2Gold Corp.’s (AMEX:BTG) stock was down -$0.03, moving down -0.94 percent to $3.15. The average number of shares traded per day over the past five days has been 11,272,080 shares. 2 times new highs have been achieved over the past 5 days, with a $0.07 gain in that time frame. In the last twenty days, the average volume was 7,651,980, while in the previous 50 days, it was 7,481,850.
Since last month, BTG stock rose 2.61%. Shares of the company fell to $2.99 on 09/07/23, 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 -11.76% or -$0.42, and marked a new high 12 times. However, the stock has declined by -28.41% since its 52-week high.
Valuation Metrics
Right now, B2Gold Corp. (BTG) has a P/E ratio of about 11.67. 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 29.88%, the RSI 9-day stood at 52.93% on 20 September.
With respect to its five-day moving average, the current B2Gold Corp. price is up by +2.27% percent or $0.07. At present, BTG shares trade +3.96% above its 20-day simple moving average and -21.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.50% below its SMA50 and -11.52% below its SMA200.
Stochastic coefficient K was 67.90% and Stochastic coefficient D was 76.50%, while ATR was 0.09. Given the Stochastic reading of 59.26% for the 14-day period, the RSI (14) reading has been calculated as 50.21%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.07.
Analyst Ratings
B2Gold Corp. (BTG) has been rated Buy by analysts. According to 0 brokerage firms, BTG is a sell, and 1 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 12 recommending it as overweight.
With a median target price of $5.55, the current consensus forecast for the stock is $4.25 – $7.02. Based on these forecasts, analysts predict B2Gold Corp. (BTG) will achieve an average price target of $5.50.
