B2gold Corp (AMEX:BTG) -3.70% Down Over The Last Seven Days. Can The Stock Hit Well Above -$0.12?

In recent trading session, B2gold Corp (AMEX:BTG) saw 2.66 million shares changing hands at last check today with its beta currently measuring 1.17. Company’s recent per share price level of $3.26 trading at -$0.07 or -2.25% at last check today assigns it a market valuation of $4.27B. That most recent trading price of BTG’s stock is at a discount of -6.13% from its 52-week high price of $3.46 and is indicating a premium of 28.22% 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 26.61 million shares which gives us an average trading volume of 13.97 million if we extend that period to 3-months.

For B2gold Corp (BTG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.64. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.04 in the current quarter.

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B2gold Corp (AMEX:BTG) trade information

Upright in the red during last session for losing -2.25%, in the last five days BTG remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $3.26 price level, adding 3.83% to its value on the day. B2gold Corp’s shares saw a change of 3.01% in year-to-date performance and have moved -3.70% in past 5-day. B2gold Corp (AMEX:BTG) showed a performance of 17.09% in past 30-days. Number of shares sold short was 12.8 million shares which calculate 1.0 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.6 to the stock, which implies a rise of 9.44% to its recent value today. Analysts have been projecting 3.6 as a low price target for the stock while placing it at a high target of 3.6. It follows that stock’s current price would drop -10.43% in reaching the projected high whereas dropping to the targeted low would mean a loss of -10.43% for stock’s current value.

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 added 24.71% of value to its shares in past 6 months, showing an annual growth rate of -10.71% while that of industry is 21.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 452M for the same. And 1 analysts are in estimates of company making revenue of 659.5M in the next quarter. Company posted 477.89M and 511.97M of sales in current and next quarters respectively a year earlier.

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 -9.82% while estimates for its earnings growth in next 5 years are of 20.00%.

B2gold Corp (AMEX:BTG)’s Major holders

Insiders are in possession of 0.70% of company’s total shares while institution are holding 58.67 percent of that, with stock having share float percentage of 59.08%. Investors also watch the number of corporate investors in a company very closely, which is 58.67% institutions for B2gold Corp that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at BTG for having 118.11 million shares of worth $318.88 million. And as of 2024-06-30, it was holding 9.0633 of the company’s outstanding shares.

The second largest institutional holder is FMR LLC, which was holding about 59.05 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.5312 of outstanding shares, having a total worth of $158.41 million.