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Things appear to be looking up for B2gold Corp (BTG)

B2gold Corp (AMEX: BTG) is -16.46% lower on its value in year-to-date trading and has touched a low of $2.34 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 $2.61 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $2.64, the stock is 2.01% and 0.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.97 million and changing 1.15% at the moment leaves the stock -14.11% off its SMA200. BTG registered -33.50% loss for a year compared to 6-month loss of -8.01%. The firm has a 50-day simple moving average (SMA 50) of $1.70 and a 200-day simple moving average (SMA200) of $4.47.

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The stock witnessed a 10.00% gain in the last 1 month and extending the period to 3 months gives it a -17.24%, and is 6.02% up 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 2.83% over the week and 3.71% over the month.

Current P/E ratio is 113.79 and Fwd P/E is 6.63. Profit margin for the company is 0.52%. Distance from 52-week low is 12.82% and -40.00% from its 52-week high. The company has generated returns on investments over the last 12 months (0.25%).

B2gold Corp quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $419.23M over the same period.The EPS is expected to shrink by -22.19% this year, but quarterly earnings will post -9.60% year-over-year. Quarterly sales are estimated to shrink -8.50% in year-over-year returns.

B2gold Corp (BTG) Top Institutional Holders

409 institutions hold shares in B2gold Corp (BTG), with institutional investors hold 67.45% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.29B with Short Float at 1.76%. Institutions hold 66.89% 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.

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