B2gold Corp (BTG) down -14.56% since start of the year

B2gold Corp (AMEX: BTG) is -14.56% lower on its value in year-to-date trading and has touched a low of $2.34 and a high of $3.46 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 $2.65 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $2.70, the stock is -0.92% and -4.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.65 million and changing 1.89% at the moment leaves the stock -3.47% off its SMA200. BTG registered -10.30% loss for a year compared to 6-month gain of 2.66%.

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The stock witnessed a -2.17% loss in the last 1 month and extending the period to 3 months gives it a 4.25%, and is -3.57% 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 2.95% over the week and 3.45% over the month.

B2gold Corp (BTG) has around 6150 employees, a market worth around $3.54B and $1.94B in sales. Fwd P/E is 6.15. Profit margin for the company is -7.23%. Distance from 52-week low is 15.38% and -21.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.72%).

The EPS is expected to shrink by -8.16% this year.

B2gold Corp (BTG) Top Institutional Holders

432.0 institutions hold shares in B2gold Corp (BTG), with institutional investors hold 58.93% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.28B with Short Float at 0.95%. Institutions hold 58.52% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 118.11 million shares valued at $318.88 million. The investor’s holdings represent 9.0633% of the BTG Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 59.05 million shares valued at $158.41 million to account for 4.5312 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 51.26 million shares representing 3.9335% and valued at over $138.4 million, while RENAISSANCE TECHNOLOGIES LLC holds 1.8776 of the shares totaling 24.47 million with a market value of $66.06 million.