B2gold Corp (BTG) Stock Could Soon Reward Patient Investors

B2gold Corp (AMEX: BTG) is -16.77% lower on its value in year-to-date trading and has touched a low of $2.63 and a high of $4.40 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 $2.66 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.63, the stock is -7.13% and -13.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.92 million and changing -1.13% at the moment leaves the stock -20.54% off its SMA200. BTG registered -30.79% loss for a year compared to 6-month gain of -14.05%. The firm has a 50-day simple moving average (SMA 50) of $1.56 and a 200-day simple moving average (SMA200) of $3.00.

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The stock witnessed a -14.33% loss in the last 1 month and extending the period to 3 months gives it a -15.16%, and is -5.05% 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 2.23% over the week and 3.00% over the month.

B2gold Corp (BTG) has around Dec 01 2023 employees, a market worth around $3.42B and $2.01B in sales. Current P/E ratio is 10.23 and Fwd P/E is 12.55. Profit margin for the company is 13.95%. Distance from 52-week low is 0.00% and -40.23% from its 52-week high. The company has generated returns on investments over the last 12 months (7.04%).

B2gold Corp quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $501.42M over the same period.The EPS is expected to grow by 16.62% this year, but quarterly earnings will post 11.20% year-over-year. Quarterly sales are estimated to shrink -15.40% in year-over-year returns.

B2gold Corp (BTG) Top Institutional Holders

411 institutions hold shares in B2gold Corp (BTG), with institutional investors hold 68.67% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.29B with Short Float at 1.28%. Institutions hold 68.01% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 143.09 million shares valued at $510.82 million. The investor’s holdings represent 11.03% of the BTG Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 103.74 million shares valued at $370.34 million to account for 7.99% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 40.37 million shares representing 3.11% and valued at over $144.11 million, while Royal Bank of Canada holds 2.59% of the shares totaling 33.67 million with a market value of $120.19 million.

B2gold Corp (BTG): Who are the competitors?

The company’s main competitors (and peers) include Hecla Mining Co. (HL) that is trading -36.14% down over the past 12 months. Coeur Mining Inc. (CDE) that is -19.40% lower over the same period.