In the past week, BTG stock has gone up by 0.66%, with a monthly decline of -10.88% and a quarterly plunge of -1.30%. The volatility ratio for the week is 2.40%, and the volatility levels for the last 30 days are 3.13% for B2gold Corp. The simple moving average for the past 20 days is -4.66% for BTG’s stock, with a -13.53% simple moving average for the past 200 days.
Is It Worth Investing in B2gold Corp (AMEX: BTG) Right Now?
The price-to-earnings ratio for B2gold Corp (AMEX: BTG) is above average at 11.79x, while the 36-month beta value is 0.97.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for B2gold Corp (BTG) is $5.09, which is $2.06 above the current market price. The public float for BTG is 1.28B, and currently, short sellers hold a 1.31% ratio of that floaft. The average trading volume of BTG on November 20, 2023 was 8.04M shares.
BTG) stock’s latest price update
The stock of B2gold Corp (AMEX: BTG) has decreased by -0.33 when compared to last closing price of 3.04.Despite this, the company has seen a gain of 0.66% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-10 that B2Gold’s (BTG) Q3 top line increase y/y. The company reaffirms its 2023 guidance.
Analysts’ Opinion of BTG
Many brokerage firms have already submitted their reports for BTG stocks, with RBC Capital Mkts repeating the rating for BTG by listing it as a “Sector Perform.” The predicted price for BTG in the upcoming period, according to RBC Capital Mkts is $4.25 based on the research report published on September 12, 2023 of the current year 2023.
BTG Trading at -2.67% 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 -31.14% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -9.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, BTG rose by +0.66%, which changed the moving average for the period of 200-days by -22.31% in comparison to the 20-day moving average, which settled at $3.16. In addition, B2gold Corp saw -15.13% 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 total capital return value is set at 16.73, while invested capital returns managed to touch 8.43. Equity return is now at value 8.22, with 6.72 for asset returns.
Based on B2gold Corp (BTG), the company’s capital structure generated 1.90 points at debt to equity in total, while total debt to capital is 1.87. Total debt to assets is 1.55, with long-term debt to equity ratio resting at 1.39. Finally, the long-term debt to capital ratio is 1.36.
When we switch over and look at the enterprise to sales, we see a ratio of 1.66, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 40.23 and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.43.
In a nutshell, B2gold Corp (BTG) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.