What Caused B2gold Corp (AMEX: BTG) To Rose?

B2gold Corp (AMEX:BTG) traded at $3.41 at last check on current trade day and made an upward move of 2.71% on its previous day’s price.

Looking at the stock we see that its previous close was $3.32 and the beta (5Y monthly) reads 1.165 with the day’s price range being $3.36 – $3.51. In terms of its 52-week price range, BTG has a high of $3.51 and a low of $2.20. The company’s stock has gained about 6.23% over that past 30 days.

B2gold Corp has a market cap of $4.50 billion and is expected to release its quarterly earnings report on 2025-Feb-18. With its Forward Dividend at 0.14 and a yield of 4.11%, the company’s investors could be anxious for the BTG stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 615.88M, with a low of 615.88M and a high of 615.88M. The median projection represents growth squeezing down to 33.47% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 2.91B, or 52.87% up from figures reported last year.

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.

Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the B2gold Corp (BTG) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 11.86% off its SMA20 and 17.81% from its 50-day simple moving average. The RSI (14) is pointing at 64.87 while the volatility over the past week is 6.08% and jumps to 5.83% over the past one month. The beta value is 0.37, while the average true range (ATR) is currently pointing at 0.19. The average price target for the stock over the next 12 months is $4.5, with the estimates having a low of $4.5 and a high of $4.5. These price ends are -31.96% and -31.96% off the today’s price level respectively, although investors could be excited at the prospect of a -31.96% if the BTG share price touches on the median price of $4.5.

Coming back to B2gold Corp (AMEX:BTG), we note that the average 3-month trading volume was 43.14 million, while that of the preceding 10-day period stands at 58.14 million. Current shares outstanding are 1.32 billion.

The insiders hold 4.87% of the company’s shares while institutions hold 54.71%. The data shows that short shares as of 2025-03-31, stood at 54.07 million at a short ratio of 1.28. Shares short fall in March from the previous month at 54.56 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 39.75% up in year-to-date price movement.

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