The stock of B2gold Corp (AMEX: BTG) has decreased by -0.40 when compared to last closing price of 2.55. Despite this, the company has experienced a 2.00% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-20 that In an ecosystem of high interest rates, targeting high-yield dividend stocks to buy might seem risky. After all, why bother dealing with the volatility of publicly traded businesses when you can buy safe, secure government bonds?
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 109.48x. The 36-month beta value for BTG is also noteworthy at 1.11. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BTG is 1.29B, and at present, short sellers hold a 1.29% of that float. The average trading volume of BTG on March 26, 2024 was 10.40M shares.
BTG’s Market Performance
BTG stock saw an increase of 2.00% in the past week, with a monthly gain of 4.52% and a quarterly increase of -22.09%. The volatility ratio for the week is 4.14%, and the volatility levels for the last 30 days are 3.67% for B2gold Corp (BTG). The simple moving average for the past 20 days is -0.86% for BTG’s stock, with a -17.88% simple moving average for the past 200 days.
Analysts’ Opinion of BTG
Many brokerage firms have already submitted their reports for BTG stocks, with Jefferies repeating the rating for BTG by listing it as a “Buy.” The predicted price for BTG in the upcoming period, according to Jefferies is $3.50 based on the research report published on February 29, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BTG reach a price target of $4.25. The rating they have provided for BTG stocks is “Sector Perform” according to the report published on September 12th, 2023.
BTG Trading at -4.18% 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 -42.27% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares surge +5.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.65% lower at present.
During the last 5 trading sessions, BTG rose by +1.61%, which changed the moving average for the period of 200-days by -34.11% in comparison to the 20-day moving average, which settled at $2.57. In addition, B2gold Corp saw -19.62% 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:
- 0.28 for the present operating margin
- 0.4 for the gross margin
The net margin for B2gold Corp stands at 0.0. The total capital return value is set at 0.12. Equity return is now at value 0.30, with 0.24 for asset returns.
Based on B2gold Corp (BTG), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 4.54. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 38.79.
Currently, EBITDA for the company is 1.11 billion with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The receivables turnover for the company is 40.21for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.27.
Conclusion
In summary, B2gold Corp (BTG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
