The $2.80 Is The Price At Which B2gold Corp (AMEX: BTG) Deserves Consideration

During the last session, B2gold Corp (AMEX:BTG)’s traded shares were 8.4 million, with the beta value of the company hitting 1.17. At the end of the trading day, the stock’s price was $2.80, reflecting an intraday loss of -1.06% or -$0.03. The 52-week high for the BTG share is $3.46, that puts it down -23.57 from that peak though still a striking 16.43% gain since the share price plummeted to a 52-week low of $2.34. The company’s market capitalization is $3.67B, and the average intraday trading volume over the past 10 days was 10.61 million shares, and the average trade volume was 11.33 million shares over the past three months.

B2gold Corp (BTG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.64. BTG has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.

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B2gold Corp (AMEX:BTG) trade information

B2gold Corp (BTG) registered a -1.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.06% in intraday trading to $2.80, hitting a weekly high. The stock’s 5-day price performance is -2.44%, and it has moved by -5.08% in 30 days. Based on these gigs, the overall price performance for the year is -10.83%. The short interest in B2gold Corp (AMEX:BTG) is 12.2 million shares and it means that shorts have 1.08 day(s) to cover.

B2gold Corp (BTG) estimates and forecasts

Statistics show that B2gold Corp has underperformed its competitors in share price, compared to the industry in which it operates. B2gold Corp (BTG) shares have gone up 9.38% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 21.20. In the rating firms’ projections, revenue will decrease -2.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 452M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 659.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 477.89M and 511.97M respectively. In this case, analysts expect current quarter sales to shrink by -5.40% and then jump by 28.80% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.48%. While earnings are projected to return -8.16% in 2024, the next five years will return 20.00% per annum.

BTG Dividends

B2gold Corp is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for B2gold Corp is 0.16, with the dividend yield indicating at 5.71 percent, continuing the trend of increasing dividends in recent years.

B2gold Corp (AMEX:BTG)’s Major holders

B2gold Corp insiders own 0.70% of total outstanding shares while institutional holders control 59.11%, with the float percentage being 59.52%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 431.0 institutions own stock in it. As of 2024-06-30, the company held over 118.11 million shares (or 9.0633% of all shares), a total value of $318.88 million in shares.

The next largest institutional holding, with 59.05 million shares, is of FMR LLC’s that is approximately 4.5312% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $158.41 million.