Why B2gold Corp (BTG) Should Be On Your Radar Moving Forward

The stock of B2gold Corp (AMEX:BTG) last traded at $3.01, down -0.99% from the previous session.

Data from the available sources indicates that B2gold Corp (AMEX:BTG) is covered by 13 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.82 and a low of $4.25, we find $5.12. Given the previous closing price of $3.04, this indicates a potential upside of 68.42 percent. BTG stock price is now -3.43% away from the 50-day moving average and -14.72% away from the 200-day moving average. The market capitalization of the company currently stands at $3.90B.

In total, 1 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $5.10 as their price target over the next twelve months.

A total of 1.15% of the company’s stock is owned by insiders.

With an opening price of $3.0300 on Friday morning, B2gold Corp (AMEX: BTG) set off the trading day. During the past 12 months, B2gold Corp has had a low of $2.77 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 2.18, and a quick ratio of 1.12. According to the stock market information, the enterprise value for the company is $3.64B, which is based on a 11.71 price-to-earnings ratio, a 0.59 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for BTG is $3.1154 and a two-hundred day moving average price translates $3.5240 for the stock.

The latest earnings results from B2gold Corp (AMEX: BTG) was released for Sep, 2023. According to the Gold Company, earnings per share came in at $0.07, inline with analysts’ expectations of $0.07. This compares to -$0.02 EPS in the same period last year. The net profit margin was 13.95% and return on equity was 8.22% for BTG. The company reported revenue of $477.89 million for the quarter, compared to $392.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.74 percent. For the current quarter, analysts expect BTG to generate $481.56M in revenue.

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