B2Gold Corp. [BTG] is -13.57% lower this YTD. Is it still time to buy?

B2Gold Corp. [AMEX: BTG] traded at a low on 06/16/21, posting a -0.62 loss after which it closed the day’ session at $4.84. The company report on June 15, 2021 that B2Gold Announces Voting Results from its 2021 Annual General and Special Meeting.

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B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the “Meeting”) held on Friday, June 11, 2021. A total of 791,677,859 common shares were voted at the Meeting, representing 75.26% of the votes attached to all outstanding common shares.

Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The nine director nominees listed in B2Gold’s Management Information Circular (“the Circular”) dated May 7, 2021, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below:.

The results of the trading session contributed to over 6929686 shares changing hands. Over the past one week, the price volatility of B2Gold Corp. stands at 2.58% while the volatility over the past one month is 2.67%.

The market cap for BTG stock reached $5.09 billion, with 1.05 billion shares outstanding and 1.04 billion shares in the current float. Compared to the average trading volume of 6.22M shares, BTG reached a trading volume of 6929686 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 0.15, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 2.85. The Price to Book ratio for the last quarter was 1.98.

How has BTG stock performed recently?

B2Gold Corp. [BTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.82. With this latest performance, BTG shares dropped by -8.85% in over the last four-week period, additionally sinking by -10.20% over the last 6 months – not to mention a drop of -3.20% 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 41.27, with the RSI for the last a single of trading hit 35.69, and the three-weeks RSI is set at 44.77 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 5.01, while it was recorded at 4.91 for the last single week of trading, and 5.49 for the last 200 days.

B2Gold Corp. [BTG]: Deeper insight into the 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.

Reflecting on the efficiency of the workforce at the company, B2Gold Corp. [BTG] managed to generate an average of $137,651 per employee. Receivables Turnover for the company is 49.71 with a Total Asset Turnover recorded at a value of 0.62.

Earnings analysis for B2Gold Corp. [BTG]

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%.

Insider trade positions for B2Gold Corp. [BTG]

There are presently around $2,875 million, or 70.42% 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 118,526,641, which is approximately -8.376% of the company’s market cap and around 1.18% of the total institutional ownership; FMR LLC, holding 97,140,279 shares of the stock with an approximate value of $470.16 million in BTG stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $204.55 million in BTG stock with ownership of nearly 4.335% of the company’s market capitalization.

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Positions in B2Gold Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 135 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 44,822,186 shares. Additionally, 103 investors decreased positions by around 57,062,818 shares, while 43 investors held positions by with 492,181,365 shares. The mentioned changes placed institutional holdings at 594,066,369 shares, according to the latest SEC report filing. BTG stock had 43 new institutional investments in for a total of 11,164,811 shares, while 39 institutional investors sold positions of 17,167,706 shares during the same period.

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