Why B2gold Corp (BTG) Stock Could See Much Higher Prices Ahead

B2gold Corp (AMEX: BTG) is 1.58% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTG stock was last observed hovering at around $3.21 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $3.21, the stock is 0.64% and 9.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.34 million and changing 0.00% at the moment leaves the stock 15.01% off its SMA200. BTG registered 3.88% gain for a year compared to 6-month gain of 18.45%. The firm has a 50-day simple moving average (SMA 50) of $2.943 and a 200-day simple moving average (SMA200) of $2.79105.

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The stock witnessed a 1.58% loss in the last 1 month and extending the period to 3 months gives it a 2.23%, and is 3.55% 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 2.55% over the week and 3.00% over the month.

B2gold Corp (BTG) has around 6150 employees, a market worth around $4.21B and $1.94B in sales. Fwd P/E is 7.94. Profit margin for the company is -7.23%. Distance from 52-week low is 37.18% and -7.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.72%).

with sales reaching $461M over the same period.The EPS is expected to shrink by -8.89% this year, but quarterly earnings will post -0.20% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.

B2gold Corp (BTG) Top Institutional Holders

423.0 institutions hold shares in B2gold Corp (BTG), with institutional investors hold 63.29% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.28B with Short Float at 1.00%. Institutions hold 62.87% 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.