Now Is The Time To Build A Position In B2gold Corp (AMEX:BTG)

B2gold Corp (AMEX:BTG)’s traded shares stood at 4.8 million during the latest session, with the company’s beta value hitting 1.09. At the last check today, the stock’s price was $2.76, to imply an increase of 2.80% or $0.08 in intraday trading. The BTG share’s 52-week high remains $3.50, putting it -26.81% down since that peak but still an impressive 15.22% since price per share fell to its 52-week low of $2.34. The company has a valuation of $5.06B, with an average of 14.47 million shares in intraday trading volume over the past 10 days and average of 15.22 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for B2gold Corp (BTG), translating to a mean rating of 1.71. Of 6 analyst(s) looking at the stock, 0 analyst(s) give BTG a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.

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B2gold Corp (AMEX:BTG) trade information

After registering a 2.80% upside in the latest session, B2gold Corp (BTG) has traded red over the past five days. The 5-day price performance for the stock is -9.67%, and -16.52% over 30 days. With these gigs, the year-to-date price performance is -12.82%. Short interest in B2gold Corp (AMEX:BTG) saw shorts transact 22.04 million shares and set a 1.74 days time to cover.

The extremes give us $3.6 and $5 for target low and target high price respectively. As such, BTG has been trading -81.16% off suggested target high and -30.43% from its likely low.

B2gold Corp (BTG) estimates and forecasts

Looking at statistics comparing B2gold Corp share performance against respective industry, we note that the company has underperformed competitors. B2gold Corp (BTG) shares are -1.96% down over the last 6 months, with its year-to-date growth rate lower than industry average at -14.29% against 18.80%. The rating firms project that company’s revenue will grow 43.37% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 569M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 1.96B.Earnings reports from the last fiscal year show that sales brought in 511.97M and 1.93B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 11.14% before jumping 1.35% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -22.48% for the past 5-year period. While 2024 is set for a -14.54% return in earnings, projections for the next 5 years are at 4.89% annually.

BTG Dividends

B2gold Corp has its next earnings report out on 2025-Feb-19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. B2gold Corp has a forward dividend ratio of 0.16, with the share yield ticking at 5.81% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.65%.

B2gold Corp (AMEX:BTG)’s Major holders

B2gold Corp insiders hold 0.66% of total outstanding shares, with institutional holders owning 62.40% of the shares at 62.81% float percentage. In total, 62.40% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 118.11 million shares (or 9.0633% of shares), all amounting to roughly $318.88 million.

The next major institution holding the largest number of shares is FMR LLC with 59.05 million shares, or about 4.5312% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $158.41 million.