B2Gold Corp. [AMEX: BTG] closed the trading session at $3.49 on 03/06/23. The day’s price range saw the stock hit a low of $3.47, while the highest price level was $3.57. The company report on February 22, 2023 that B2Gold Reports Q4 and Full Year 2022 Results; Achieved 2022 Total Gold Production and Consolidated Cost Guidance; Cash and Cash Equivalents Increased $102 Million in Q4 2022; Q1 2023 Dividend of US$0.04 per Share Declared.
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The stocks have a year to date performance of -2.24 percent and weekly performance of 2.95 percent. The stock has been moved at 19.11 percent over the last six months. The stock has performed -10.51 percent around the most recent 30 days and changed -1.97 percent over the most recent 3-months.
If compared to the average trading volume of 9.59M shares, BTG reached to a volume of 7928537 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 $5.02 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 0.12, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 2.17. The Price to Book ratio for the last quarter was 1.25.
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 2.95. With this latest performance, BTG shares dropped by -10.51% in over the last four-week period, additionally plugging by 19.11% over the last 6 months – not to mention a drop of -17.30% 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 45.52, with the RSI for the last a single of trading hit 48.06, and the three-weeks RSI is set at 45.76 for B2Gold Corp. [BTG]. The present Moving Average for the last 50 days of trading for this stock 3.73, while it was recorded at 3.53 for the last single week of trading, and 3.49 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 +30.14 and a Gross Margin at +34.88. B2Gold Corp.’s Net Margin is presently recorded at +14.60.
Return on Equity for this stock inclined to 8.56, with Return on Assets sitting at 6.94.
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 $2,048 million, or 69.72% 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 110,872,124, which is approximately 1.299% 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 $307.27 million in BTG stocks shares; and VANGUARD GROUP INC, currently with $134.48 million in BTG stock with ownership of nearly 2.705% of the company’s market capitalization.
113 institutional holders increased their position in B2Gold Corp. [AMEX:BTG] by around 41,084,686 shares. Additionally, 76 investors decreased positions by around 25,722,345 shares, while 49 investors held positions by with 519,923,704 shares. The mentioned changes placed institutional holdings at 586,730,735 shares, according to the latest SEC report filing. BTG stock had 29 new institutional investments in for a total of 5,618,957 shares, while 22 institutional investors sold positions of 5,605,078 shares during the same period.