B2Gold Corp. (AMEX:BTG) finished Thursday with a subtraction of -$0.02 to close at $3.11, a downside of -0.64 percent. An average of 5,768,900 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 7,893,830 shares traded, while the 50-day average volume stands at 7,457,980.
BTG stock has decreased by -14.33% in the last month. The company shares reached their 1-month lowest point of $2.96 on 08/10/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $2.81 and a high of $4.40 in 52 weeks. It has reached a new high 12 times so far this year and lost -12.89% or -$0.46 in price. In spite of this, the price is down -29.32% from the 52-week high.
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Valuation Metrics
B2Gold Corp. (BTG) has a trailing price-to-earnings (P/E) ratio of 12.96. The stock’s beta is 0.98.
Financial Health
B2Gold Corp.’s EBITDA margin for the year ending June 29 is 52.29%. 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 24 August was 45.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.40%.
As of today, BTG’s price is $3.07 +2.64% or $0.08 from its 5-day moving average. BTG is currently trading -10.37% lower than its 20-day SMA and -21.07% lower than its 100-day SMA. However, the stock’s current price level is -15.95% below the SMA50 and -1.58% below the SMA200.
The stochastic %K and %D were 44.35% and 31.71%, respectively, and the average true range (ATR) was 0.10. With the 14-day stochastic at 62.50% and the average true range at 0.10, the RSI (14) stands at 40.93%. The stock has reached 0.03 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
