B2gold Corp (AMEX:BTG) price on current trading day, fall -2.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.70.
A look at the stock’s price movement, the close in the last trading session was $2.78, moving within a range at $2.68 and $2.8. The beta value (5-Year monthly) was 1.239. Turning to its 52-week performance, $3.50 and $2.34 were the 52-week high and 52-week low respectively. Overall, BTG moved -17.68% over the past month.
B2gold Corp’s market cap currently stands at around $3.54 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.16, with its dividend yield at 5.93%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 565.64M for the company’s revenue for the quarter, with a low and high estimate of 562.29M and 569M respectively. The average forecast suggests up to a 10.48% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.96B, representing a 1.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BTG is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend BTG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BTG’s current price about -4.10% and -12.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.27, while 7-day volatility ratio is 3.50% and 3.53% in the 30-day chart. Further, B2gold Corp (BTG) has a beta value of 1.09, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $4.3, forecast between a low of $3.6 and high of $5. Looking at the price targets, the low is -33.33% off current price level while to achieve the yearly target high, price needs to move -85.19%. Nonetheless, investors will most likely welcome a -59.26% jump to $4.3 which is the analysts’ median price.
If we refocus on B2gold Corp (AMEX:BTG), historical trading data shows that trading volumes averaged 12.8 over the past 10 days and 15.88 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.31 billion shares.
The 2.21% of B2gold Corp’s shares are in the hands of company insiders while institutional holders own 58.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.84 million on 2024-11-15, giving us a short ratio of 1.61. Current price change has pushed the stock -14.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BTG stock continues to rise going into the next quarter.
