JP Morgan slashes price target on B2Gold Corp. [BTG] – find out why.

B2Gold Corp. [AMEX: BTG] plunged by $0.0 during the normal trading session on Monday and reaching a high of $4.54 during the day while it closed the day at $4.37. The company report on February 27, 2021 that Canadian Museum of History Statement on the passing of Fredrik S. Eaton, O.C., O.Ont.

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The Canadian Museum of History was saddened to learn of the passing of Mr. Fredrik S. Eaton, former Chair of the Board of Trustees.

Mr. Eaton was a renowned business leader and philanthropist in Canada. He was appointed to the Museum’s Board of Trustees in 2006, and served as Chair from 2007 to 2011. Throughout that period, the Canadian Museum of History and its sister institution, the Canadian War Museum, benefitted greatly from his strong leadership and invaluable guidance.

B2Gold Corp. stock has also loss -13.81% of its value over the past 7 days. However, BTG stock has declined by -17.70% in the 3 months of the year. Over the past six months meanwhile, it has lost -31.61% and lost -21.96% year-on date.

The market cap for BTG stock reached $4.59 billion, with 1.05 billion shares outstanding and 1.04 billion shares in the current float. Compared to the average trading volume of 7.45M shares, BTG reached a trading volume of 11880580 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about B2Gold Corp. [BTG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTG shares is $3.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTG stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for B2Gold Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 10, 2021. The new note on the price target was released on August 19, 2020, representing the official price target for B2Gold Corp. stock.

The Average True Range (ATR) for B2Gold Corp. is set at 0.20, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 1.79.

BTG stock trade performance evaluation

B2Gold Corp. [BTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.81. With this latest performance, BTG shares dropped by -11.90% in over the last four-week period, additionally sinking by -31.61% over the last 6 months – not to mention a rise of 9.52% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTG stock in for the last two-week period is set at 31.24, with the RSI for the last a single of trading hit 27.67, and the three-weeks RSI is set at 33.98 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 5.20, while it was recorded at 4.62 for the last single week of trading, and 5.90 for the last 200 days.

B2Gold Corp. [BTG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and B2Gold Corp. [BTG] shares currently have an operating margin of +49.70 and a Gross Margin at +53.57. B2Gold Corp.’s Net Margin is presently recorded at +35.11.

Return on Total Capital for BTG is now 36.53, given the latest momentum, and Return on Invested Capital for the company is 26.91. Return on Equity for this stock inclined to 28.76, with Return on Assets sitting at 21.70. When it comes to the capital structure of this company, B2Gold Corp. [BTG] has a Total Debt to Total Equity ratio set at 4.28. Additionally, BTG Total Debt to Total Capital is recorded at 4.10, with Total Debt to Total Assets ending up at 3.27. Long-Term Debt to Equity for the company is recorded at 2.95, with the Long-Term Debt to Total Capital now at 2.83.

Receivables Turnover for the company is 49.71 with a Total Asset Turnover recorded at a value of 0.62.

Earnings per share (EPS) analysis for B2Gold Corp. [BTG] stock

With the latest financial reports released by the company, B2Gold Corp. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BTG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for B2Gold Corp. go to 15.80%.

B2Gold Corp. [BTG]: Insider Ownership positions

There are presently around $2,602 million, or 72.38% of BTG stock, in the hands of institutional investors. The top three institutional holders of BTG stocks are: VAN ECK ASSOCIATES CORP with ownership of 129,361,650, which is approximately 4% of the company’s market cap and around 1.18% of the total institutional ownership; FMR LLC, holding 101,265,904 shares of the stock with an approximate value of $442.53 million in BTG stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $177.01 million in BTG stock with ownership of nearly -4.27% of the company’s market capitalization.

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Positions in B2Gold Corp. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 134 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 34,793,300 shares. Additionally, 97 investors decreased positions by around 47,426,873 shares, while 36 investors held positions by with 513,174,188 shares. The mentioned changes placed institutional holdings at 595,394,361 shares, according to the latest SEC report filing. BTG stock had 48 new institutional investments in for a total of 5,330,730 shares, while 29 institutional investors sold positions of 5,118,537 shares during the same period.

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