470 institutions hold shares in B2Gold Corp. (BTG), with 12.41M shares held by insiders accounting for 1.18% while institutional investors hold 73.25% of the company’s shares. The shares outstanding are 1.05B, and float is at 1.04B with Short Float at 0.96%. Institutions hold 72.38% of the Float.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 129.36 million shares valued at $724.43 million. The investor’s holdings represent 12.30% of the BTG Shares outstanding. As of Dec 30, 2020, the second largest holder is FMR, LLC with 101.27 million shares valued at $567.09 million to account for 9.63% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 40.51 million shares representing 3.85% and valued at over $226.84 million, while Vanguard Group, Inc. (The) holds 2.84% of the shares totaling 29.82 million with a market value of $167.01 million.
B2Gold Corp. (AMEX: BTG) is -18.93% lower on its value in year-to-date trading and has touched a low of $3.00 and a high of $7.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BTG stock was last observed hovering at around $4.56 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $8.08 for the next 12 months. It is also 57.73% off the consensus price target high of $10.74 offered by 16 analysts, but current levels are 16.85% higher than the price target low of $5.46 for the same period.
Currently trading at $4.54, the stock is -0.12% and -5.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing -0.44% at the moment leaves the stock -22.06% off its SMA200. BTG registered 37.99% gain for a year compared to 6-month loss of -28.73%. The firm has a 50-day simple moving average (SMA 50) of $4.6841 and a 200-day simple moving average (SMA200) of $5.6540.
The stock witnessed a 3.89% gain in the last 1 month and extending the period to 3 months gives it a -18.93%, and is -2.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.73% over the week and 3.78% over the month.
Current P/E ratio is 7.69 and Fwd P/E is 21.62. Distance from 52-week low is 51.33% and -39.87% from its 52-week high.
B2Gold Corp. (BTG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for B2Gold Corp. (BTG) is a “Buy”. 16 analysts offering their recommendations for the stock have an average rating of 1.50, where 2 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
B2Gold Corp. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $207.75M over the same period.The EPS is expected to shrink by -45.50% this year, but quarterly earnings will post -0.80% year-over-year. Quarterly sales are estimated to grow 14.70% in year-over-year returns.
B2Gold Corp. (BTG): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading 195.83% up over the past 12 months and Coeur Mining Inc. (CDE) that is 162.54% higher over the same period. Short interest in the company’s stock has risen 30.81% from the last report on Feb 11, 2021 to stand at a total of 6.94 million short shares sold with a short interest ratio of 1.14.