B2gold Corp (AMEX:BTG) shares, rose in value on Friday, January 03, with the stock price down by -0.33% to the previous day’s close as strong demand from buyers drove the stock to $2.58.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.59, falling within a range of $2.57 and $2.6. 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 -7.81% over the past month.
With the market capitalization of B2gold Corp currently standing at about $3.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.16, with its dividend yield at 6.20%.
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 562.29M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 562.29M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 75% 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 N/A, with the price of BTG currently trading nearly 0.44% and -8.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.26, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 3.12%. Furthermore, B2gold Corp (BTG)’s beta value is 1.12, and its average true range (ATR) is 0.09.
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 -0.33% in today’s session so far, and over the past year, it shrunk by -15.64%%.
Data on historical trading for B2gold Corp (AMEX:BTG) indicates that the trading volumes over the past 10 days have averaged 12.94 and over the past 3 months, they’ve averaged 13.89 million. According to company’s latest data on outstanding shares, there are 1.31 billion shares outstanding.
Nearly 2.18% of B2gold Corp’s shares belong to company insiders and institutional investors own 57.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.93 million shares as on 2024-12-13, resulting in a short ratio of 2.01. The stock has risen by 5.80% 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.
