B2gold Corp (AMEX:BTG) shares, rose in value on Friday, April 05, with the stock price up by 3.10% to the previous day’s close as strong demand from buyers drove the stock to $2.83.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.74. The value of beta (5-year monthly) is 1.13 whereas the PE ratio is 121.77 over 12-month period. Referring to stock’s 52-week performance, its high was $4.40, and the low was $2.34. On the whole, BTG has fluctuated by 5.41% over the past month.
With the market capitalization of B2gold Corp currently standing at about $3.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 0.16, with its dividend yield at 5.66%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.05, which is expected to increase to $0.06 for fiscal year $0.2 and then to about $0.39 by fiscal year 2025. Data indicates that the EPS growth is expected to be -28.60% in 2025, while the next year’s EPS growth is forecast to be 95.00%.
Analysts have estimated the company’s revenue for the quarter at $419.23 million, with a low estimate of $417.47 million and a high estimate of $421 million. According to the average forecast, sales growth in current quarter could jump down -8.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.76 billion, representing a decrease of -9.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BTG’s technical picture suggests that short-term indicators denote the stock is a 25% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 6.09, with the price of BTG currently trading nearly 8.38% and 8.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.70, while the 7-day volatility ratio is showing 4.03% which for the 30-day chart, stands at 3.62%. Furthermore, B2gold Corp (BTG)’s beta value is 1.11, and its average true range (ATR) is 0.10.
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 3.10% in today’s session so far, and over the past year, it shrunk by -32.25%%.
Data on historical trading for B2gold Corp (AMEX:BTG) indicates that the trading volumes over the past 10 days have averaged 14.4 million and over the past 3 months, they’ve averaged 11.31 million. According to company’s latest data on outstanding shares, there are 1.30 billion shares outstanding.
Nearly 1.09% of B2gold Corp’s shares belong to company insiders and institutional investors own 65.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.71 million shares as on Mar 15, 2024, resulting in a short ratio of 1.84. According to the data, the short interest in B2gold Corp (BTG) stood at 1.74% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.06 million. The stock has fallen by -10.60% 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.
