B2Gold Corp. [BTG] Revenue clocked in at $1.67 billion, down -9.41% YTD: What’s Next?

B2Gold Corp. [AMEX: BTG] surged by $0.01 during the normal trading session on Friday and reaching a high of $3.61 during the day while it closed the day at $3.56. The company report on December 13, 2022 that B2Gold Announces Exploration Drilling Results from the Fekola Complex that Continues to Expand Gold Mineralization in Several Zones; Record Gold Production in October and November from the Fekola Complex; Re-affirms 2022 Total Gold Production Guidance of 990,000 to 1,050,000 Ounces.

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B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce additional positive exploration drilling results from the Fekola Complex in Mali. In addition, the Company is pleased to re-affirm its 2022 total gold production guidance of 990,000 to 1,050,000 ounces (including 40,000 to 50,000 attributable ounces projected from Calibre Mining Corp. (“Calibre”)) following consecutive monthly gold production records at the Fekola Mine in October and November 2022.

B2Gold Corp. stock has also gained 4.71% of its value over the past 7 days. However, BTG stock has inclined by 24.91% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.73% and lost -9.41% year-on date.

The market cap for BTG stock reached $3.83 billion, with 1.07 billion shares outstanding and 1.06 billion shares in the current float. Compared to the average trading volume of 10.48M shares, BTG reached a trading volume of 7867926 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 $4.92 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 0.13, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 2.30. The Price to Book ratio for the last quarter was 1.33.

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 4.71. With this latest performance, BTG shares gained by 0.28% in over the last four-week period, additionally sinking by -2.73% over the last 6 months – not to mention a drop of -7.53% 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 57.09, with the RSI for the last a single of trading hit 59.23, and the three-weeks RSI is set at 55.83 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 3.32, while it was recorded at 3.51 for the last single week of trading, and 3.66 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 $2,045 million, or 67.74% 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 109,450,322, which is approximately -2.396% of the company’s market cap and around 1.10% of the total institutional ownership; FMR LLC, holding 88,041,976 shares of the stock with an approximate value of $313.43 million in BTG stocks shares; and ROYAL BANK OF CANADA, currently with $150.48 million in BTG stock with ownership of nearly 47.942% of the company’s market capitalization.

Positions in B2Gold Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 102 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 43,788,924 shares. Additionally, 96 investors decreased positions by around 43,688,951 shares, while 46 investors held positions by with 486,924,168 shares. The mentioned changes placed institutional holdings at 574,402,043 shares, according to the latest SEC report filing. BTG stock had 30 new institutional investments in for a total of 6,885,601 shares, while 31 institutional investors sold positions of 1,225,499 shares during the same period.


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