In last trading session, B2gold Corp (AMEX:BTG) saw 9.28 million shares changing hands with its beta currently measuring 1.11. Company’s recent per share price level of $2.90 trading at $0.06 or 2.11% at ring of the bell on the day assigns it a market valuation of $3.78B. That closing price of BTG’s stock is at a discount of -51.72% from its 52-week high price of $4.40 and is indicating a premium of 19.31% from its 52-week low price of $2.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.98 million shares which gives us an average trading volume of 11.93 million if we extend that period to 3-months.
B2gold Corp (AMEX:BTG) trade information
Upright in the green during last session for gaining 2.11%, in the last five days BTG remained trading in the green while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $2.90 price level, adding 2.03% to its value on the day. B2gold Corp’s shares saw a change of -8.23% in year-to-date performance and have moved 5.84% in past 5-day. B2gold Corp (AMEX:BTG) showed a performance of 12.84% in past 30-days. Number of shares sold short was 22.71 million shares which calculate 1.84 days to cover the short interests.
B2gold Corp (BTG) estimates and forecasts
Statistics highlight that B2gold Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -5.23% of value to its shares in past 6 months, showing an annual growth rate of -21.43% while that of industry is 0.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -50.00% in the current quarter and calculating -28.60% decrease in the next quarter. This year revenue growth is estimated to fall -7.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $432.27 million for the same. And 1 analysts are in estimates of company making revenue of $492.4 million in the next quarter that will end on Jun 2024. Company posted $458 million and $470.85 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -5.60% while estimating it to be 4.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -22.48% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -18.88% while estimates for its earnings growth in next 5 years are of 20.00%.
BTG Dividends
B2gold Corp is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
B2gold Corp (AMEX:BTG)’s Major holders
Insiders are in possession of 0.83% of company’s total shares while institution are holding 66.89 percent of that, with stock having share float percentage of 67.45%. Investors also watch the number of corporate investors in a company very closely, which is 66.89% institutions for B2gold Corp that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at BTG for having 143.09 million shares of worth $510.82 million. And as of Jun 29, 2023, it was holding 11.03% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 103.74 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.99% of outstanding shares, having a total worth of $370.34 million.
On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 68.94 million shares of worth $199.23 million or 5.31% of the total outstanding shares. The later fund manager was in possession of 68.41 million shares on Sep 29, 2023, making its stake of worth around $197.7 million in the company or a holder of 5.27% of company’s stock.
