The stock of B2Gold Corp. (AMEX:BTG) decreased by -$0.07 on Monday to finish at $3.06, down -2.24 percent. The last five days have seen an average of 9,662,660 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.51. The average number of shares traded over the last 20 days was 7,276,595, while the average volume over the last 50 days totaled 7,270,612.
BTG stock dropped -15.70% 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 -14.29% or -$0.51 this year, reaching a new high 12 times. Still, the stock price is down -30.45% from the 52-week high.
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Valuation Metrics
B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 12.75. Beta for the stock is 0.98.
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 14 August, the RSI 9-day stood at 27.27%, suggesting the stock is oversold, with a 22.31% historical volatility rate.
The stochastic %K and %D were 16.89% and 12.76% respectively, while the average true range (ATR) was 0.11. Based on the 14-day stochastic reading of 13.70%, the RSI (14) reading is 30.75%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.18.
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 $5.61. In analyzing these forecasts, the average price target given by analysts for B2Gold Corp. (BTG) is $5.55.
