Reviewing The Case For B2gold Corp (BTG) Going Higher

Currently, there are 1.31B common shares owned by the public and among those 1.28B shares have been available to trade.

The company’s stock has a 5-day price change of 0.38% and -21.56% over the past three months. BTG shares are trading -17.09% year to date (YTD), with the 12-month market performance down to -17.61% lower. It has a 12-month low price of $2.34 and touched a high of $3.50 over the same period. BTG has an average intraday trading volume of 15.86 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 -5.64%, -13.38%, and -7.80% respectively.

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Institutional ownership of B2gold Corp (AMEX: BTG) shares accounts for 57.61% of the company’s 1.31B shares outstanding.

It has a market capitalization of $3.44B and a beta (3y monthly) value of 1.09. The earnings-per-share (ttm) stands at -$0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.33% over the week and 3.12% over the month.

Earnings per share for the fiscal year are expected to decrease by -20.06%, and 100.29% over the next financial year. EPS should grow at an annualized rate of 23.52% over the next five years, compared to -22.48% over the past 5-year period.

Looking at the support for the BTG, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on February 29, 2024, with the firm’s price target at $3.50. RBC Capital Mkts coverage for the B2gold Corp (BTG) stock in a research note released on September 12, 2023 offered a Sector Perform rating with a price target of $4.25. BMO Capital Markets was of a view on April 20, 2023 that the stock is Outperform, while JP Morgan gave the stock Underweight rating on December 10, 2021, issuing a price target of $5. JP Morgan on their part issued Neutral rating on February 10, 2021.

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