B2gold Corp (AMEX:BTG) traded at $2.82 at last check on Monday, April 08, made a downward move of -1.36% on its previous day’s price.
Looking at the stock we see that its previous close was $2.86 and the beta (5Y monthly) reads 1.13. The company has a trailing 12-month PE ratio of 121.59. In terms of its 52-week price range, BTG has a high of $4.40 and a low of $2.34. The company’s stock has gained about 5.66% over that past 30 days.
B2gold Corp has a market cap of $3.68 billion and is expected to release its quarterly earnings report on May 07, 2024 – May 13, 2024. With its Forward Dividend at 0.16 and a yield of 5.67%, the company’s investors could be anxious for the BTG stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.2 for 2024 and $0.39 for next year. These figures represent -28.60% and 95.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $419.23 million, with a low of $417.47 million and a high of $421 million. The median projection represents growth adding up to -8.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.76 billion, or -9.20% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BTG stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the BTG stock currently stands at 6.08, and the most recent price level today is 7.84% off its SMA20 and 8.00% from its 50-day simple moving average. The RSI (14) is pointing at 60.40 while the volatility over the past week is 4.43% and jumps to 3.76% over the past one month. The beta value is 1.11, while the average true range (ATR) is currently pointing at 0.10.
Coming back to B2gold Corp (AMEX:BTG), we note that the average 3-month trading volume was 11.52 million, while that of the preceding 10-day period stands at 14.9 million. Current shares outstanding are 1.30 billion.
The insiders hold 1.09% of the company’s shares while institutions hold 65.55%. The data shows that short shares as of Mar 15, 2024, stood at 22.71 million at a short ratio of 1.84. This represents a 1.74% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 15.06 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -10.73% down in year-to-date price movement.
