With over 7.77 million B2Gold Corp. (BTG) shares trading Tuesday and a closing price of $6.50 on the day, the dollar volume was approximately $50.51 million. The shares have shown a positive weekly performance of 4.33% and its price on 09/01/20 lost nearly -3.56%. Currently, there are 1.05B common shares owned by the public and among those 1.03B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for BTG have a consensus price objective of $8.30. The analysts have set the share’s price value over the next 12 months at a high of $9.50 and a low of $6.82 should the stock experience a downside. Incidentally, analysts’ outlook for the B2Gold Corp. stock is 1.50 for the next 12 months. The average price target is -85.71% below its last price level and a downside to the estimated low will see the stock gain 4.69% over that period. But an upside of 31.58% will see the stock hit the forecast high price target while mean target price for the stock is $8.26.
The top 3 mutual fund holders in B2Gold Corp. are VanEck Vectors – Gold Miners ETF, Fidelity Contrafund, and BlackRock Global Funds – World Go. VanEck Vectors – Gold Miners ETF owns 56.1 million shares of the company’s stock, all valued at over $387.1 million. The company bought an additional 0.17 million shares recently to bring their total holdings to about 5.39% of the shares outstanding. Fidelity Contrafund sold -0.15 million shares to see its total holdings shrink to 48.14 million shares valued at over $332.15 million and representing 4.63% of the shares outstanding. BlackRock Global Funds – World Go sold -0.6 million shares to bring its total holdings to over 39.17 million shares at a value of $270.3 million. BlackRock Global Funds – World Go now owns shares totaling to 3.77% of the shares outstanding.
Shares of B2Gold Corp. (AMEX: BTG) opened at $6.82, up $0.08 from a prior closing price of $6.74. However, the script later closed the day at $6.50, down -3.56%. The company’s stock has a 5-day price change of 4.33% and 26.46% over the past three months. BTG shares are trading 62.09% year to date (YTD), with the 12-month market performance up to 81.56% higher. It has a 12-month low price of $2.16 and touched a high of $7.55 over the same period. Currently, 7.77 million shares have been traded, compared to an average intraday trading volume of 8.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.69%, 2.98%, and 35.77% respectively.
Institutional ownership of B2Gold Corp. (AMEX: BTG) shares accounts for 78.17% of the company’s 1.05B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $6.79B. The stock’s trailing 12-month PE ratio is 15.59, while the earnings-per-share (ttm) stands at $0.42. The company has a PEG of 0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.80% over the week and 5.04% over the month.
Analysts forecast that B2Gold Corp. (BTG) will achieve an EPS of $0.01 for the current quarter, $0.04 for the next quarter and $0.21 for 2018. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to decrease by -45.50%, and 250.00% over the next financial year. EPS should grow at an annualized rate of 15.80% over the next five years, compared to 2.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate B2Gold Corp. (BTG) as a “Strong Buy” at a consensus score of 1.50. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 1 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BTG, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on August 19, 2020, with the firm’s price target at. RBC Capital Mkts coverage for the B2Gold Corp. (BTG) stock in a research note released on December 05, 2019 offered a Outperform rating with a price target of. Canaccord Genuity was of a view on April 24, 2019 that the stock is Buy, while BofA/Merrill gave the stock Buy rating on March 02, 2017, issuing a price target of. RBC Capital Mkts on their part issued Outperform rating on March 18, 2016.