B2Gold Corp. (AMEX: BTG) has a higher price-to-earnings ratio of 14.16x compared to its average ratio. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for B2Gold Corp. (BTG) is $5.19, which is $1.48 above the current market price. The public float for BTG is 1.06B, and currently, short sellers hold a 1.17% ratio of that float. The average trading volume of BTG on March 17, 2023 was 9.38M shares.
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BTG) stock’s latest price update
B2Gold Corp. (AMEX: BTG)’s stock price has increased by 1.14 compared to its previous closing price of 3.50. However, the company has seen a 8.26% increase in its stock price over the last five trading sessions.
BTG’s Market Performance
B2Gold Corp. (BTG) has experienced a 8.26% rise in stock performance for the past week, with a 3.21% rise in the past month, and a -1.12% drop in the past quarter. The volatility ratio for the week is 3.28%, and the volatility levels for the past 30 days are at 3.08% for BTG. The simple moving average for the last 20 days is 4.21% for BTG stock, with a simple moving average of 2.06% for the last 200 days.
Analysts’ Opinion of BTG
Many brokerage firms have already submitted their reports for BTG stocks, with JP Morgan repeating the rating for BTG by listing it as a “Underweight.” The predicted price for BTG in the upcoming period, according to JP Morgan is $5 based on the research report published on December 10th of the previous year 2021.
BTG Trading at -4.42% from the 50-Day Moving Average
After a stumble in the market that brought BTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.18% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +4.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.80% lower at present.
During the last 5 trading sessions, BTG rose by +8.26%, which changed the moving average for the period of 200-days by -12.81% in comparison to the 20-day moving average, which settled at $3.40. In addition, B2Gold Corp. saw -0.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BTG
Current profitability levels for the company are sitting at:
- +30.14 for the present operating margin
- +34.88 for the gross margin
The net margin for B2Gold Corp. stands at +14.60.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.43.
Conclusion
To put it simply, B2Gold Corp. (BTG) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
