B2gold Corp (BTG) Volatility Spurs A Quest For Clarity

Currently, there are 1.30B common shares owned by the public and among those 1.29B shares have been available to trade.

The top 3 mutual fund holders in B2gold Corp are VanEck Junior Gold Miners ETF, VanEck Gold Miners ETF, and BlackRock Global Funds – World Go. VanEck Junior Gold Miners ETF owns 73.81 million shares of the company’s stock, all valued at over $233.24 million. The company sold 63892.0 shares recently to bring their total holdings to about 5.68% of the shares outstanding. VanEck Gold Miners ETF sold -0.64 million shares to see its total holdings shrink to 68.53 million shares valued at over $216.54 million and representing 5.27% of the shares outstanding. BlackRock Global Funds – World Go now owns shares totaling to 5.07% of the shares outstanding.

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The company’s stock has a 5-day price change of -3.14% and -11.46% over the past three months. BTG shares are trading -12.03% year to date (YTD), with the 12-month market performance down to -32.20% lower. It has a 12-month low price of $2.63 and touched a high of $4.40 over the same period. BTG has an average intraday trading volume of 9.32 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 -6.93%, -10.11%, and -17.61% respectively.

Institutional ownership of B2gold Corp (AMEX: BTG) shares accounts for 67.43% 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 $3.62B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 10.81, while the earnings-per-share (ttm) stands at $0.26. The company has a PEG of 0.54 and a Quick Ratio of 1.12 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.60% over the week and 3.13% over the month.

Analysts forecast that B2gold Corp (BTG) will achieve an EPS of $0.08 for the current quarter, $0.05 for the next quarter and $0.2 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 16.88%, and -24.98% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 32.49% over the past 5-year period.

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.

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