In today’s recent session, 3.65 million shares of the B2gold Corp (AMEX:BTG) have been traded, and its beta is 1.12. Most recently the company’s share price was $2.82, and it changed around $0.02 or 0.54% from the last close, which brings the market valuation of the company to $5.17B. BTG at last check was trading at a discount to its 52-week high of $3.50, offering almost -24.11% off that amount. The share price’s 52-week low was $2.34, which indicates that the recent value has risen by an impressive 17.02% since then. We note from B2gold Corp’s average daily trading volume that its 10-day average is 15.84 million shares, with the 3-month average coming to 15.48 million.
B2gold Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended BTG as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. B2gold Corp is expected to report earnings per share of 0.07 for the current quarter.
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B2gold Corp (AMEX:BTG) trade information
Instantly BTG has been showing a green trend so far today with a performance of 0.54% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.84 on recent trading dayincreased the stock’s daily price by 0.7%. The company’s shares are currently down -10.92% year-to-date, but still up 5.04% over the last five days. On the other hand, B2gold Corp (AMEX:BTG) is -18.88% down in the 30-day period. We can see from the shorts that 22.04 million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $4.3, which translates to bulls needing to increase their stock price by 34.42% from its current value. Analyst projections state that BTG is forecast to be at a low of $3.6 and a high of $5.
B2gold Corp (BTG) estimates and forecasts
B2gold Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.18 percent over the past six months and at a -14.29% annual growth rate that is well below the industry average of 20.10%. The year-over-year growth rate is expected to be 43.37%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 569M in revenue for the current quarter. 6 analysts expect B2gold Corp to make 1.96B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 511.97M and 1.93B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.14%. Forecasts for the next quarter put sales growth at 1.35%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.48%. B2gold Corp earnings are expected to increase by -14.54% in 2024, but the outlook is positive 4.89% per year for the next five years.
BTG Dividends
B2gold Corp’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 5.68 percent and its annual dividend per share was 0.16. It is important to note, however, that the 5.68% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.65 per year.
B2gold Corp (AMEX:BTG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.66% of B2gold Corp shares, and 62.04% of them are in the hands of institutional investors. The stock currently has a share float of 62.45%. B2gold Corp stock is held by 414.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.0633% of the shares, which is about 118.11 million shares worth $318.88 million.
FMR LLC, with 4.5312% or 59.05 million shares worth $158.41 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 59.99 shares worth $168.49 million, making up 4.57% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 42.42 shares worth around $119.14 million, which represents about 3.23% of the total shares outstanding.
