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

Related

B2Gold Corp. [AMEX: BTG] surged by $0.05 during the normal trading session on Friday and reaching a high of $3.54 during the day while it closed the day at $3.51. The company report on July 28, 2022 that B2Gold Second Quarter 2022 Financial Results – Conference Call and Webcast Details.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


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

B2Gold executives will host a conference call to discuss the results on Thursday, August 4, 2022, at 10:00 am PDT/1:00 pm EST. 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 652410 #).

B2Gold Corp. stock has also gained 8.00% of its value over the past 7 days. However, BTG stock has declined by -18.56% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.57% and lost -10.69% year-on date.

The market cap for BTG stock reached $3.71 billion, with 1.06 billion shares outstanding and 1.04 billion shares in the current float. Compared to the average trading volume of 13.47M shares, BTG reached a trading volume of 12667488 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 $5.87 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 2.00. 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 0.15, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 2.10. The Price to Book ratio for the last quarter was 1.35.

BTG stock trade performance evaluation

B2Gold Corp. [BTG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.00. With this latest performance, BTG shares dropped by 0.00% in over the last four-week period, additionally plugging by 0.57% over the last 6 months – not to mention a drop of -16.43% 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 54.53, with the RSI for the last a single of trading hit 64.55, and the three-weeks RSI is set at 49.58 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 3.66, while it was recorded at 3.37 for the last single week of trading, and 4.01 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 +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 per share (EPS) analysis for B2Gold Corp. [BTG] stock

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%.

B2Gold Corp. [BTG]: Insider Ownership positions

There are presently around $1,961 million, or 67.21% 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 112,291,382, which is approximately 2.261% of the company’s market cap and around 1.12% of the total institutional ownership; FMR LLC, holding 88,047,429 shares of the stock with an approximate value of $309.05 million in BTG stocks shares; and VANGUARD GROUP INC, currently with $123.23 million in BTG stock with ownership of nearly 5.367% of the company’s market capitalization.

Positions in B2Gold Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 100 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 45,983,461 shares. Additionally, 112 investors decreased positions by around 44,972,935 shares, while 40 investors held positions by with 467,616,091 shares. The mentioned changes placed institutional holdings at 558,572,487 shares, according to the latest SEC report filing. BTG stock had 25 new institutional investments in for a total of 2,432,262 shares, while 43 institutional investors sold positions of 11,953,487 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]