B2Gold Corp. (AMEX:BTG) shares traded 1.19% higher at $3.39 on Wall Street last session.
BTG stock price is now 5.88% away from the 50-day moving average and -9.32% away from the 200-day moving average. The market capitalization of the company currently stands at $3.64B.
With the price target maintained at $5, JP Morgan recently Downgraded its rating from Neutral to Underweight for B2Gold Corp. (AMEX: BTG)., while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
Insiders disposed of 12,072,337 shares of company stock worth roughly $40.93 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BTG stock. A new stake in B2Gold Corp. shares was purchased by NATIXIS during the first quarter worth $8,354,000. 1832 ASSET MANAGEMENT L.P. invested $3,560,000 in shares of BTG during the first quarter. In the first quarter, U S GLOBAL INVESTORS INC acquired a new stake in B2Gold Corp. valued at approximately $3,184,000. LONGFELLOW INVESTMENT MANAGEMENT CO LLC acquired a new stake in BTG for approximately $1,971,000. MACQUARIE GROUP LTD purchased a new stake in BTG valued at around $1,395,000 in the second quarter. In total, there are 400 active investors with 67.79% ownership of the company’s stock.
B2Gold Corp. (AMEX: BTG) opened at $3.3500 on Friday. During the past 12 months, B2Gold Corp. has had a low of $2.81 and a high of $5.07. The fifty day moving average price for BTG is $3.1996 and a two-hundred day moving average price translates $3.7378 for the stock.
The latest earnings results from B2Gold Corp. (AMEX: BTG) was released for Jun, 2022. According to the Gold Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.05 by -0.01. This compares to $0.13 EPS in the same period last year. The company reported revenue of $392.55 million for the quarter, compared to $510.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.16 percent. For the current quarter, analysts expect BTG to generate $379.9M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2022. Investors who held shares on 09/21/2022 were paid a $0.04 dividend.
B2Gold Corp.(BTG) Company Profile
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Uzbekistan, and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.