With over 28.33 million B2Gold Corp. (BTG) shares trading Friday and a closing price of $3.25 on the day, the dollar volume was approximately $92.07 million. The shares have shown a negative half year performance of -8.19% and its price on 09/15/23 gained nearly 3.83%. Currently, there are 1.30B common shares owned by the public and among those 1.28B 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: 15 analysts who have offered their price forecasts for BTG have a consensus price objective of $5.51. The analysts have set the share’s price value over the next 12 months at a high of $7.20 and a low of $4.25. The average price target is 32.85% above its recent price level and an upside to the estimated low will see the stock gain 23.53% over that period. But an upside of 54.86% will see the stock hit the forecast high price target while median target price for the stock is $5.58.
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The top 3 mutual fund holders in B2Gold Corp. are VanEck Gold Miners ETF, BlackRock Global Funds – World Go, and VanEck Junior Gold Miners ETF. VanEck Gold Miners ETF owns 69.15 million shares of the company’s stock, all valued at over $213.67 million. The company sold -0.47 million shares recently to bring their total holdings to about 5.34% of the shares outstanding. BlackRock Global Funds – World Go bought 2.09 million shares to see its total holdings expand to 61.15 million shares valued at over $188.94 million and representing 4.72% of the shares outstanding. VanEck Junior Gold Miners ETF now owns shares totaling to 4.22% of the shares outstanding.
Shares of B2Gold Corp. (AMEX: BTG) opened at $3.16, up $0.03 from a prior closing price of $3.13. However, the script later moved the day high at 3.2600, up 3.83%. The company’s stock has a 5-day price change of 7.26% and -8.96% over the past three months. BTG shares are trading -8.96% year to date (YTD), with the 12-month market performance down to -4.41% lower. It has a 12-month low price of $2.81 and touched a high of $4.40 over the same period. BTG has an average intraday trading volume of 7.22 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 5.74%, -1.05%, and -10.74% respectively.
Institutional ownership of B2Gold Corp. (AMEX: BTG) shares accounts for 61.12% of the company’s 1.30B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $4.22B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 12.04, while the earnings-per-share (ttm) stands at $0.27. The company has a PEG of 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 2.77% over the month.
Analysts forecast that B2Gold Corp. (BTG) will achieve an EPS of $0.07 for the current quarter, $0.07 for the next quarter and $0.29 for 2024. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 24.00%, and -6.50% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to 11.89% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate B2Gold Corp. (BTG) as a “Strong Buy” at a consensus score of 1.70. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 2 of the 15 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 September 12, 2023, with the firm’s price target at $4.25.
