B2Gold Corp. (BTG) Has A Potential Gold Mine

B2Gold Corp. (AMEX:BTG) price on Wednesday, September 07, rose 7.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.34.

A look at the stock’s price movement, the close in the last trading session was $3.12, moving within a range at $3.07 and $3.38. The beta value (5-Year monthly) was 1.05 while the PE ratio in trailing twelve months stood at 5.66. Turning to its 52-week performance, $5.07 and $2.91 were the 52-week high and 52-week low respectively. Overall, BTG moved -4.57% over the past month.

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B2Gold Corp.’s market cap currently stands at around $3.53 billion, with investors looking forward to this quarter’s earnings report slated for Feb 21, 2022 – Feb 25, 2022. The company has a Forward Dividend ratio of 0.16, with its dividend yield at 4.79%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.05, which has seen fiscal year 2022 EPS growth forecast to increase to $0.37 and about $0.38 for fiscal year 2023. Per the data, EPS growth is expected to be 2.80% for 2022 and 2.70% for the next financial year.

Analysts have a consensus estimate of $382.67 million for the company’s revenue for the quarter, with a low and high estimate of $382 million and $384 million respectively. The average forecast suggests up to a 5.40% 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 for 2022 to grow to $1.85 billion, representing a 4.70% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that BTG is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

The technical evaluation for the stock shows the PEG ratio is 0.28, with BTG’s current price about 1.18% and 0.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.60, while 7-day volatility ratio is 5.88% and 3.87% in the 30-day chart. Further, B2Gold Corp. (BTG) has a beta value of 0, and an average true range (ATR) of 0.15. Analysts have given the company’s stock an average 52-week price target of $5.61, forecast between a low of $4.05 and high of $8.17. Looking at the price targets, the low is -21.26% off current price level while to achieve the yearly target high, price needs to move -144.61%. Nonetheless, investors will most likely welcome a -64.67% jump to $5.50 which is the analysts’ median price.

In the market, a comparison of B2Gold Corp. (BTG) and its peers suggest the former has performed considerably stronger. Data shows BTG’s intraday price has changed 7.05% in last session and -12.79% over the past year. Comparatively, Hecla Mining Company (HL) has moved 5.48% on the day and only -34.15% in the past 12 months. Looking at another peer, we see that Coeur Mining Inc. (CDE) price has gained 8.24% on the day. However, the stock is -59.01% off its price a year ago. If we look at the PE ratio, we find that B2Gold Corp.’s ratio stands at 5.66 compared to Hecla Mining Company’s 2020.00. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.83% and 1.40% respectively in the last trading.

If we refocus on B2Gold Corp. (AMEX:BTG), historical trading data shows that trading volumes averaged 9.84 million over the past 10 days and 12.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.06 billion shares.

The 1.13% of B2Gold Corp.’s shares are in the hands of company insiders while institutional holders own 66.64% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.82 million on Jul 14, 2022, giving us a short ratio of 0.48. The data shows that as of Jul 14, 2022 short interest in B2Gold Corp. (BTG) stood at 0.65% of shares outstanding, with shares short rising to 3.47 million registered in Jun 14, 2022. Current price change has pushed the stock -15.01% 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.

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