B2gold Corp [AMEX: BTG] loss -1.81% or -0.05 points to close at $2.72 with a heavy trading volume of 8029208 shares. The company report on January 31, 2024 at 8:00 AM that B2Gold Announces Positive Exploration Drilling Results from the Antelope Deposit at the Otjikoto Mine in Namibia, Highlighting the Potential to Expand Underground Gold Production through the Early 2030’s.
Figure 1. Antelope Deposit Location Overview.
Figure 2. Plan view of Antelope deposit drilling. HG mineralization contour >3.5 g/t and LG mineralization contour >0.6 g/t gold.
The daily chart for BTG points out that the company has recorded -14.73% loss over the past six months.
If we look at the average trading volume of 9.17M shares, BTG reached to a volume of 8029208 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $4.63 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 0.09, with the Price to Sales ratio for BTG stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 0.89, 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 680.27 with Quick ratio for the last quarter at 1.12.
Trading performance analysis for BTG stock
B2gold Corp [BTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.16. With this latest performance, BTG shares dropped by -11.40% in over the last four-week period, additionally sinking by -14.73% over the last 6 months – not to mention a drop of -30.26% 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 36.63, with the RSI for the last a single of trading hit 34.90, and the three-weeks RSI is set at 38.53 for B2gold Corp [BTG]. The present Moving Average for the last 50 days of trading for this stock 3.07, while it was recorded at 2.79 for the last single week of trading, and 3.33 for the last 200 days.
B2gold Corp [BTG]: A deeper dive into fundamental analysis
B2gold Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 2.18.
B2gold Corp [BTG]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at B2gold Corp [BTG]
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%.
