As of Thursday close, B2Gold Corp.’s (AMEX:BTG) stock was up $0.01, moving up 0.33 percent to $3.03. The average number of shares traded per day over the past five days has been 8,107,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.03 fall in that time frame. In the last twenty days, the average volume was 7,877,835, while in the previous 50 days, it was 7,533,820.
Since last month, BTG stock retreated -19.20%. 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 -15.13% or -$0.54, and marked a new high 12 times. However, the stock has declined by -31.14% since its 52-week high.
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Valuation Metrics
Right now, B2Gold Corp. (BTG) has a P/E ratio of about 12.62. The stock’s beta is 0.99.
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 20.93%, the RSI 9-day stood at 26.82% on 17 August.
With respect to its five-day moving average, the current B2Gold Corp. price is down by -0.98% percent or -$0.03. At present, BTG shares trade -16.53% below its 20-day simple moving average and -20.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.89% below its SMA50 and -1.94% below its SMA200.
Stochastic coefficient K was 11.90% and Stochastic coefficient D was 13.57%, while ATR was 0.10. Given the Stochastic reading of 12.50% for the 14-day period, the RSI (14) reading has been calculated as 30.19%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.13.
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.
