B2gold Corp (BTG) Is A Buy According To Analysts

B2gold Corp (AMEX:BTG) has a beta value of 1.09 and has seen 2.54 million shares traded in the recent trading session. The company, currently valued at $3.77B, closed the recent trade at $2.88 per share which meant it gained $0.05 on the day or 1.70% during that session. The BTG stock price is -21.53% off its 52-week high price of $3.50 and 18.75% above the 52-week low of $2.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.04 million shares traded. The 3-month trading volume is 15.68 million shares.

The consensus among analysts is that B2gold Corp (BTG) is Buy stock at the moment, with a recommendation rating of 1.71. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 6 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.

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B2gold Corp (AMEX:BTG) trade information

Sporting 1.70% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BTG stock price touched $2.88 or saw a rise of 1.71%. Year-to-date, B2gold Corp shares have moved -8.92%, while the 5-day performance has seen it change 2.06%. Over the past 30 days, the shares of B2gold Corp (AMEX:BTG) have changed -16.09%. Short interest in the company has seen 22.84 million shares shorted with days to cover at 1.61.

Wall Street analysts have a consensus price target for the stock at $4.3, which means that the shares’ value could jump 33.02% from the levels at last check today. The projected low price target is $3.6 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -73.61% off the targeted high while a plunge would see the stock gain -25.0% from the levels at last check today.

B2gold Corp (BTG) estimates and forecasts

Figures show that B2gold Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 0.99% over the past 6 months, with this year growth rate of -17.86%, compared to 19.80% for the industry. Revenue growth from the last financial year stood is estimated to be 1.39%.

2 analysts offering their estimates for the company have set an average revenue estimate of 565.64M for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.48% over the past 5 years. Earnings growth for 2024 is a modest -17.60% while over the next 5 years, the company’s earnings are expected to increase by 4.89%.

BTG Dividends

B2gold Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.16 at a share yield of 5.56%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.65%.

B2gold Corp (AMEX:BTG)’s Major holders

Insiders own 0.66% of the company shares, while shares held by institutions stand at 62.09% with a share float percentage of 62.50%. Investors are also buoyed by the number of investors in a company, with B2gold Corp having a total of 415.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 118.11 million shares worth more than $318.88 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 9.0633% of shares outstanding.

The other major institutional holder is FMR LLC, with the holding of over 59.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $158.41 million and represent 4.5312% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Junior Gold Miners ETF and VanEck ETF Trust-VanEck Gold Miners ETF. As of Sep 30, 2024, the former fund manager holds about 6.95% shares in the company for having 91.27 shares of worth $262.41 million while later fund manager owns 59.99 shares of worth $172.48 million as of Sep 30, 2024, which makes it owner of about 4.57% of company’s outstanding stock.