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When is the right time to cash out of B2gold Corp [BTG] stock?

November 20, 2023
in Finance

In yesterday’s Wall Street session, B2gold Corp (AMEX:BTG) shares traded at $3.03, down -0.33% from the previous session.

As of this writing, 14 analysts cover B2gold Corp (AMEX:BTG). 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 $5.11. Given the previous closing price of $3.04, this indicates a potential upside of 68.09 percent. BTG stock price is now -2.67% away from the 50-day moving average and -13.53% away from the 200-day moving average. The market capitalization of the company currently stands at $3.93B.

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There are 1 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $5.09 as their price target over the next twelve months.

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

Friday morning saw B2gold Corp (AMEX: BTG) opened at $3.0600. 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 $3.63B, which is based on a 11.79 price-to-earnings ratio, a 0.59 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for BTG is $3.1130 and a two-hundred day moving average price translates $3.4999 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 $0.05, missing analysts’ expectations of $0.07 by -0.02. 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 $482.35M in revenue.

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.

Tags: AMEX:BTGB2Gold Corp.BTGBTG stock

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