B2gold Corp (AMEX:BTG) finished Thursday with a subtraction of -$0.01 to close at $2.87, a downside of -0.35 percent. An average of 6,987,640 shares of common stock have been traded in the last five days. There was a fall of -$0.24 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 8,047,635 shares traded, while the 50-day average volume stands at 7,485,604.
BTG stock has decreased by -8.01% in the last month. The company shares reached their 1-month lowest point of $2.83 on 09/28/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $2.85 and a high of $4.40 in 52 weeks. It has reached a new high 12 times so far this year and lost -19.61% or -$0.70 in price. In spite of this, the price is down -34.77% from the 52-week high.
Valuation Metrics
B2gold Corp (BTG) has a trailing price-to-earnings (P/E) ratio of 10.70. The stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.93, the price-to-book (PB) ratio at 0.92, and the price-to-cash flow ratio at 10.26.
Financial Health
The quick ratio of B2gold Corp for the three months ended June 29 was 1.72, and the current ratio was 2.79, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the quarter ending June 29. Its gross profit as reported stood at $604.24 million compared to revenue of $1.73 billion.
Earnings Surprise
For the three-month period that ended June 29, B2gold Corp had $4.79 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $293.38 million in the quarter, while revenues were grew 84.62%. The analyst consensus anticipated B2gold Corp’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.07, a 0.00% surprise. For the quarter, EBITDA amounted to $253.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at B2gold Corp (BTG) price momentum. RSI 9-day as of the close on 28 September was 25.70%, suggesting the stock is oversold, with historical volatility in this time frame at 10.19%.
As of today, BTG’s price is $2.97 -7.72% or -$0.24 from its 5-day moving average. BTG is currently trading -8.60% lower than its 20-day SMA and -30.34% lower than its 100-day SMA. However, the stock’s current price level is -23.47% below the SMA50 and -14.58% below the SMA200.
The stochastic %K and %D were 6.62% and 13.20%, respectively, and the average true range (ATR) was 0.09. With the 14-day stochastic at 9.30% and the average true range at 0.09, the RSI (14) stands at 32.21%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Analyst Ratings
The consensus rating for B2gold Corp (BTG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BTG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.
What is BTG’s price target for the next 12 months?
Analysts predict a range of price targets between $4.25 and $7.02, with a median target of $5.55. Taking a look at these predictions, the average price target given by analysts for B2gold Corp (BTG) stock is $5.50.
