The stock of B2gold Corp (AMEX:BTG) last traded at $3.10, down -0.32% from the previous session.
Data from the available sources indicates that B2gold Corp (AMEX:BTG) is covered by 15 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.02 and a low of $4.25, we find $5.55. Given the previous closing price of $3.11, this indicates a potential upside of 78.46 percent. BTG stock price is now -4.43% away from the 50-day moving average and -14.68% away from the 200-day moving average. The market capitalization of the company currently stands at $4.02B.
In total, 1 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $5.50 as their price target over the next twelve months.
A total of 1.15% 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $10,724,000. 1832 ASSET MANAGEMENT L.P. invested $6,433,000 in shares of BTG during the first quarter. In the first quarter, MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in B2gold Corp valued at approximately $3,232,000. GENUS CAPITAL MANAGEMENT INC. acquired a new stake in BTG for approximately $3,196,000. LIFEPRO ASSET MANAGEMENT purchased a new stake in BTG valued at around $1,054,000 in the second quarter. In total, there are 408 active investors with 67.12% ownership of the company’s stock.
With an opening price of $3.1200 on Friday morning, B2gold Corp (AMEX: BTG) set off the trading day. During the past 12 months, B2gold Corp has had a low of $2.81 and a high of $4.40. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 2.79, and a quick ratio of 1.72. The fifty day moving average price for BTG is $3.2438 and a two-hundred day moving average price translates $3.6335 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 net profit margin was 15.59% and return on equity was 8.67% for BTG. 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 $481.41M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/21/2023 were paid a $0.04 dividend. On an annualized basis, this represents a $0.17 dividend and a 5.33% percent yield. There was an ex-dividend date of 09/20/2023 for this dividend. In terms of dividend payout ratio, BTG is presently at 68.44%.
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.
