B2Gold Corp. [AMEX: BTG] loss -7.05% or -0.32 points to close at $4.22 with a heavy trading volume of 11661810 shares. The company report on March 31, 2021 that B2Gold Corp. Files Form 40-F.
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) has filed with the U.S. Securities and Exchange Commission (the “SEC”) its SEC Annual Report on Form 40-F for the year ended December 31, 2020. This includes the Company’s Annual Information Form, audited Financial Statements and Management’s Discussion & Analysis for the year ended December 31, 2020.
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B2Gold shareholders may receive a hard copy of the Company’s complete audited financial statements for the year ended December 31, 2020, free of charge, upon request. For further information please visit the Company website at https://www.b2gold.com/investors/financials/.
It opened the trading session at $4.40, the shares rose to $4.42 and dropped to $4.16, the range by which the price of stock traded the whole day. The daily chart for BTG points out that the company has recorded -34.88% loss over the past six months. However, it is still -40.67% lower than its most recent low trading price.
If we look at the average trading volume of 7.97M shares, BTG reached to a volume of 11661810 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 2.48. The Price to Book ratio for the last quarter was 1.72.
Trading performance analysis for BTG stock
B2Gold Corp. [BTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.66. With this latest performance, BTG shares dropped by -3.43% in over the last four-week period, additionally sinking by -34.88% over the last 6 months – not to mention a rise of 36.13% 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 35.50, with the RSI for the last a single of trading hit 30.74, and the three-weeks RSI is set at 37.72 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 4.77, while it was recorded at 4.46 for the last single week of trading, and 5.82 for the last 200 days.
B2Gold Corp. [BTG]: A deeper dive into fundamental analysis
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.
B2Gold Corp. [BTG]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at B2Gold Corp. [BTG]
There are presently around $2,565 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 $427.34 million in BTG stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $170.94 million in BTG stock with ownership of nearly -4.27% of the company’s market capitalization.
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 136 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 34,809,478 shares. Additionally, 97 investors decreased positions by around 47,862,773 shares, while 36 investors held positions by with 525,119,917 shares. The mentioned changes placed institutional holdings at 607,792,168 shares, according to the latest SEC report filing. BTG stock had 49 new institutional investments in for a total of 4,900,871 shares, while 29 institutional investors sold positions of 5,554,437 shares during the same period.