B2gold Corp (AMEX:BTG) shares, rose in value, with the stock price down by -1.73% to the previous day’s close as strong demand from buyers drove the stock to $3.40.
Actively observing the price movement in the last trading, the stock closed the session at $3.46. Referring to stock’s 52-week performance, its high was $3.51, and the low was $2.20. On the whole, BTG has fluctuated by 9.68% over the past month.
With the market capitalization of B2gold Corp currently standing at about $4.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 4.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.9B, with a low estimate of 696M and a high estimate of 696M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 696M.
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 50% Buy.
The stock’s technical analysis shows that the price of BTG currently trading nearly 8.83% and 9.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.90, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 2.99%. Furthermore, B2gold Corp (BTG)’s beta value is 0.47, and its average true range (ATR) is 0.13.
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 -1.73% in last session, and over the past year, it grew by 23.19%%.
Data on historical trading for B2gold Corp (AMEX:BTG) indicates that the trading volumes over the past 3 months, they’ve averaged 49.61 million. According to company’s latest data on outstanding shares, there are 1.32 billion shares outstanding.
Nearly 5.90% of B2gold Corp’s shares belong to company insiders and institutional investors own 58.80% of the company’s shares. The stock has risen by 39.34% 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.
