B2gold Corp (AMEX:BTG) saw a downside of -1.61% to close Monday at $3.05 after subtracting -$0.05 on the day. The 5-day average trading volume is 7,310,100 shares of the company’s common stock. It has gained $3.23 in the past week and touched a new high 1 time within the past 5 days. An average of 7,757,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,423,198.
BTG’s 1-month performance is -1.93% or $0.01 on its low of $2.99 reached on 09/07/23. 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 -14.57% or -$0.52 and has reached a new high 12 times. However, the current price is down -30.68% from the 52-week high price.
Valuation Metrics
BTG stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.05 while the price-to-book (PB) in the most recent quarter is 0.98, with the price to cash flow ratio at 10.90.
B2gold Corp’s quick ratio for the period ended June 29 was 1.72, with the current ratio over the same period at 2.79. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.01. In terms of profitability, the gross margin trailing 12 months is 38.90%. The trailing 12-month EBITDA margin is 52.29% while for the period ending June 29, B2gold Corp’s operating margin was 34.37%. 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 25 September was 40.34% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.70%.
The stock’s 5-day moving average is $3.12, reflecting a -4.39% or -$0.14 change from its current price. BTG is currently trading +0.33% above its 20-day SMA, -24.88% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.98% and SMA200 by-8.13%.
Stochastic %K and %D was 35.80% and 47.33% and the average true range (ATR) pointed at 0.09. The RSI (14) points at 42.66%, while the 14-day stochastic is at 22.22% with the period’s ATR at 0.09. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.02 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 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.
