B2gold Corp (AMEX:BTG) shares, rose in value, with the stock price down by -3.21% to the previous day’s close as strong demand from buyers drove the stock to $3.32.
Actively observing the price movement in the last trading, the stock closed the session at $3.43, falling within a range of $3.26 and $3.38. The value of beta (5-year monthly) was 1.227. Referring to stock’s 52-week performance, its high was $3.50, and the low was $2.34. On the whole, BTG has fluctuated by 7.44% over the past month.
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With the market capitalization of B2gold Corp currently standing at about $6.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.16, with its dividend yield at 4.82%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BTG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of BTG currently trading nearly 1.00% and 6.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.08, while the 7-day volatility ratio is showing 2.66% which for the 30-day chart, stands at 2.66%. Furthermore, B2gold Corp (BTG)’s beta value is 1.16, and its average true range (ATR) is 0.10.
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 -3.21% in last session, and over the past year, it grew by 2.79%%.
Data on historical trading for B2gold Corp (AMEX:BTG) indicates that the trading volumes over the past 10 days have averaged 15.27 and over the past 3 months, they’ve averaged 15.25 million. According to company’s latest data on outstanding shares, there are 1.30 billion shares outstanding.
Nearly 2.39% of B2gold Corp’s shares belong to company insiders and institutional investors own 57.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.04 million shares as on 2024-10-15, resulting in a short ratio of 1.01. The stock has risen by 5.06% 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.
