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B2Gold Corp.’s (AMEX:BTG) Stock Is Up 0.85%, But Is It Capable Of A Rally?

B2Gold Corp. (AMEX:BTG) traded at $4.14 at last check on Tuesday, January 24, made an upward move of 0.85% on its previous day’s price.

Looking at the stock we see that its previous close was $4.10 and the beta (5Y monthly) reads 1.00 with the day’s price range being $4.01 – $4.13. The company has a trailing 12-month PE ratio of 18.64. In terms of its 52-week price range, BTG has a high of $5.07 and a low of $2.81. The company’s stock has gained about 16.81% over that past 30 days.

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B2Gold Corp. has a market cap of $4.41 billion and is expected to release its quarterly earnings report on Feb 20, 2023 – Feb 24, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.3 for 2022 and $0.33 for next year. These figures represent -16.70% and 10.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $379.9 million, with a low of $229.4 million and a high of $476 million. The median projection represents growth adding up to -25.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.77 billion, or 0.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BTG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note that the PEG ratio for the BTG stock currently stands at 0.93, and the most recent price level today is 7.15% off its SMA20 and 14.52% from its 50-day simple moving average. The RSI (14) is pointing at 64.89 while the volatility over the past week is 3.20% and jumps to 3.22% over the past one month. The average price target for the stock over the next 12 months is $5.05, with the estimates having a low of $3.71 and a high of $6.33. These price ends are 10.39% and -52.9% off the today’s price level respectively, although investors could be excited at the prospect of a -23.43% if the BTG share price touches on the median price of $5.11.

Let’s briefly compare B2Gold Corp. (BTG) stock to its peers. We find that today’s price change of 0.85% and 11.11% over the past 12 months for BTG competes that of Hecla Mining Company (HL), which has seen its stock price fall -0.08% in the latest trading session and is 13.87% over the last one year. Another of its peers Coeur Mining Inc. (CDE) has gained 0.84% today, and was -21.70% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to B2Gold Corp. (AMEX:BTG), we note that the average 3-month trading volume was 10.16 million, while that of the preceding 10-day period stands at 10.46 million. Current shares outstanding are 1.07 billion.

The insiders hold 1.10% of the company’s shares while institutions hold 68.44%. The data shows that short shares as of Oct 13, 2022, stood at 11.41 million at a short ratio of 1.11. This represents a 1.06% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 14.35 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 14.85% up in year-to-date price movement.

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