B2gold Corp (AMEX:BTG) shares, rose in value, with the stock price down by -2.99% to the previous day’s close as strong demand from buyers drove the stock to $2.62.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.70, falling within a range of $2.61 and $2.68. The value of beta (5-year monthly) is 1.239. 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 -2.26% over the past month.
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With the market capitalization of B2gold Corp currently standing at about $3.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.16, with its dividend yield at 6.11%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.96B, with a low estimate of 562.29M and a high estimate of 569M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 565.64M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BTG currently trading nearly -5.66% and -13.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.49, while the 7-day volatility ratio is showing 3.53% which for the 30-day chart, stands at 3.20%. Furthermore, B2gold Corp (BTG)’s beta value is 1.09, and its average true range (ATR) is 0.11.
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 -2.99% in today’s session so far, and over the past year, it shrunk by -17.63%%.
Data on historical trading for B2gold Corp (AMEX:BTG) indicates that the trading volumes over the past 10 days have averaged 14.26 and over the past 3 months, they’ve averaged 15.86 million. According to company’s latest data on outstanding shares, there are 1.31 billion shares outstanding.
Nearly 2.21% of B2gold Corp’s shares belong to company insiders and institutional investors own 57.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.36 million shares as on 2024-11-29, resulting in a short ratio of 1.91. The stock has fallen by -17.11% 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.
