B2Gold Corp. [BTG] stock Downgrade by JP Morgan analyst, price target now $5

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B2Gold Corp. [AMEX: BTG] traded at a low on 04/29/22, posting a -1.39 loss after which it closed the day’ session at $4.25. The company report on April 28, 2022 that B2Gold First Quarter 2022 Financial Results – Conference Call and Webcast Details.

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B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G) (“B2Gold” or the “Company”) will release its first quarter of 2022 financial results after the North American markets close on Tuesday, May 3, 2022.

B2Gold executives will host a conference call to discuss the results on Wednesday, May 4, 2022, at 10:00 am PDT/1:00 pm EDT. You may access the call by dialing the operator at +1 (778) 383-7413 / +1 (416) 764-8659 (Vancouver/Toronto) or toll free at +1 (888) 664-6392 prior to the scheduled start time or you may listen to the call via webcast by clicking here. A playback version will be available for two weeks after the call at +1 (416) 764-8677 (local or international) or toll free at +1 (888) 390-0541 (passcode 666652 #).

The results of the trading session contributed to over 11587230 shares changing hands. Over the past one week, the price volatility of B2Gold Corp. stands at 4.05% while the volatility over the past one month is 3.64%.

The market cap for BTG stock reached $4.49 billion, with 1.06 billion shares outstanding and 1.04 billion shares in the current float. Compared to the average trading volume of 11.90M shares, BTG reached a trading volume of 11587230 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 $6.20 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 Underweight, with their previous recommendation back on December 10, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on February 10, 2021, representing the official price target for B2Gold Corp. stock.

The Average True Range (ATR) for B2Gold Corp. is set at 0.17, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 2.61. The Price to Book ratio for the last quarter was 1.63.

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 -5.35. With this latest performance, BTG shares dropped by -8.21% in over the last four-week period, additionally sinking by -1.85% over the last 6 months – not to mention a drop of -11.46% 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 40.33, with the RSI for the last a single of trading hit 35.90, and the three-weeks RSI is set at 44.11 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 4.47, while it was recorded at 4.23 for the last single week of trading, and 4.02 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 +39.31 and a Gross Margin at +43.61. B2Gold Corp.’s Net Margin is presently recorded at +23.84.

Return on Equity for this stock inclined to 15.29, with Return on Assets sitting at 11.99.

Earnings analysis for B2Gold Corp. [BTG]

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 20.00%.

Insider trade positions for B2Gold Corp. [BTG]

There are presently around $2,390 million, or 70.70% 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 109,808,899, which is approximately -6.814% of the company’s market cap and around 1.07% of the total institutional ownership; FMR LLC, holding 88,046,079 shares of the stock with an approximate value of $374.2 million in BTG stocks shares; and VANGUARD GROUP INC, currently with $141.61 million in BTG stock with ownership of nearly 2.108% of the company’s market capitalization.

102 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 50,069,934 shares. Additionally, 127 investors decreased positions by around 58,472,819 shares, while 38 investors held positions by with 453,859,410 shares. The mentioned changes placed institutional holdings at 562,402,163 shares, according to the latest SEC report filing. BTG stock had 30 new institutional investments in for a total of 5,555,920 shares, while 36 institutional investors sold positions of 9,351,473 shares during the same period.