In yesterday’s Wall Street session, B2Gold Corp. (AMEX:BTG) shares traded at $3.13, up 2.29% from the previous session.
14 analysts cover B2Gold Corp. (AMEX:BTG), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.20 and a low of $4.25, we find $5.61. Given the previous closing price of $3.06, this indicates a potential upside of 83.33 percent. BTG stock price is now -12.09% away from the 50-day moving average and -14.64% away from the 200-day moving average. The market capitalization of the company currently stands at $4.05B.
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The stock has received a hold rating from 2 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $5.56 as their price target over the next twelve months.
A total of 0.96% 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 BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $7,647,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM invested $3,263,000 in shares of BTG during the first quarter. In the first quarter, GENUS CAPITAL MANAGEMENT INC. acquired a new stake in B2Gold Corp. valued at approximately $3,226,000. LIFEPRO ASSET MANAGEMENT acquired a new stake in BTG for approximately $1,065,000. QUANTBOT TECHNOLOGIES LP purchased a new stake in BTG valued at around $738,000 in the second quarter. In total, there are 408 active investors with 61.12% ownership of the company’s stock.
On Friday morning B2Gold Corp. (AMEX: BTG) stock kicked off with the opening price of $3.0400. During the past 12 months, B2Gold Corp. has had a low of $2.81 and a high of $4.40. According to the stock market information, the enterprise value for the company is $3.60B, which is based on a 13.04 price-to-earnings ratio, a 0.65 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for BTG is $3.5496 and a two-hundred day moving average price translates $3.6667 for the stock.
The latest earnings results from B2Gold Corp. (AMEX: BTG) was released for Jun, 2023. According to the Gold Company, earnings per share came in at $0.07, inline with analysts’ expectations of $0.07. This compares to $0.04 EPS in the same period last year. The company reported revenue of $470.85 million for the quarter, compared to $381.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.27 percent. For the current quarter, analysts expect BTG to generate $482M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/27/2023. Investors who held shares on 06/16/2023 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.
