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Understanding B2Gold Corp. (AMEX: BTG)’s Growth Potential

B2Gold Corp. (AMEX:BTG) shares, rose in value on Friday, August 05, with the stock price down by -2.05% to the previous day’s close as strong demand from buyers drove the stock to $3.35.

Actively observing the price movement in the recent trading, the stock is buoying the session at $3.42, falling within a range of $3.33 and $3.53. The value of beta (5-year monthly) is 1.03 whereas the PE ratio is 8.14 over 12-month period. Referring to stock’s 52-week performance, its high was $5.07, and the low was $3.10. On the whole, BTG has fluctuated by 2.40% over the past month.

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With the market capitalization of B2Gold Corp. currently standing at about $3.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for Oct 31, 2022 – Nov 04, 2022. The company’s Forward Dividend Ratio is 0.16, with its dividend yield at 4.68%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.05, which is expected to increase to $0.13 for fiscal year $0.37 and then to about $0.37 by fiscal year 2023.

Analysts have estimated the company’s revenue for the quarter at $382.67 million, with a low estimate of $382 million and a high estimate of $384 million. According to the average forecast, sales growth in current quarter could jump up 5.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $1.85 billion, representing an increase of 4.70% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BTG’s technical picture suggests that short-term indicators denote the stock is a 75% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.41, with the price of BTG currently trading nearly 1.06% and -7.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.35, while the 7-day volatility ratio is showing 4.47% which for the 30-day chart, stands at 4.04%. Furthermore, B2Gold Corp. (BTG)’s average true range (ATR) is 0.15.

A comparison of B2Gold Corp. (BTG) with its peers suggests the former has fared considerably weaker in the market. BTG showed an intraday change of -2.05% in today’s session so far, and over the past year, it shrunk by -15.97%%. In comparison, Hecla Mining Company (HL) has moved lower at -3.27% today and is down -24.60% over the past 12 months. On the other hand, the price of Coeur Mining Inc. (CDE) has fallen -7.73% today. The stock, however, is off -54.26% from where it was a year ago. The PE ratio stands at 8.14 for B2Gold Corp., compared to 148.12 for Hecla Mining Company. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.01%. Meanwhile, the Dow Jones Industrial Slipped by 0.00%.

Data on historical trading for B2Gold Corp. (AMEX:BTG) indicates that the trading volumes over the past 10 days have averaged 13.74 million and over the past 3 months, they’ve averaged 13.45 million. According to company’s latest data on outstanding shares, there are 1.06 billion shares outstanding.

Nearly 1.12% of B2Gold Corp.’s shares belong to company insiders and institutional investors own 67.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.82 million shares as on Jul 14, 2022, resulting in a short ratio of 0.48. According to the data, the short interest in B2Gold Corp. (BTG) stood at 0.65% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 3.47 million. The stock has fallen by -12.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTG stock heading into the next quarter.

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