B2gold Corp [AMEX: BTG] closed the trading session at $2.78. The company report on January 23, 2024 at 8:00 PM that B2Gold Announces Total Gold Production for Q4 2023 of 288,665 oz; Total Gold Production for 2023 of 1,061,060 oz, Achieving Upper Half of 2023 Guidance; 2024 Guidance, Preliminary 2025 Production Outlook and Gold Prepay Arrangement.
The stocks have a year to date performance of -12.03 percent and weekly performance of -3.14 percent. The stock has been moved at -19.19 percent over the last six months. The stock has performed -14.72 percent around the most recent 30 days and changed -11.46 percent over the most recent 3-months.
If compared to the average trading volume of 9.32M shares, BTG reached to a volume of 7693793 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 $4.64 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 1.36. 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.
RBC Capital Mkts have made an estimate for B2gold Corp shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 12, 2023.
The Average True Range (ATR) for B2gold Corp is set at 0.10, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 0.24. Price to Free Cash Flow for BTG in the course of the last twelve months was 695.28 with Quick ratio for the last quarter at 1.12.
BTG stock trade performance evaluation
B2gold Corp [BTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.14. With this latest performance, BTG shares dropped by -14.72% in over the last four-week period, additionally sinking by -19.19% over the last 6 months – not to mention a drop of -32.20% 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 37.85, with the RSI for the last a single of trading hit 37.12, and the three-weeks RSI is set at 39.53 for B2gold Corp [BTG]. The present Moving Average for the last 50 days of trading for this stock 3.09, while it was recorded at 2.78 for the last single week of trading, and 3.37 for the last 200 days.
B2gold Corp [BTG]: An insightful look at the core fundamentals
B2gold Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 2.18.
Earnings per share (EPS) analysis for B2gold Corp [BTG] stock
With the latest financial reports released by the company, B2gold Corp posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -15.40%. 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]: Institutional Ownership
The top three institutional holders of BTG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BTG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BTG stock with ownership which is approximately 5.8325%.
