With over 7.77 million B2Gold Corp. (BTG) shares trading Monday and a closing price of $3.33 on the day, the dollar volume was approximately $25.87 million. The shares have shown a negative half year performance of -20.14% and its price on 11/21/22 lost nearly -1.77%. Currently, there are 1.07B common shares owned by the public and among those 1.06B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for BTG have a consensus price objective of $5.28. The analysts have set the share’s price value over the next 12 months at a high of $7.70 and a low of $3.93. The average price target is 32.32% above its recent price level and an upside to the estimated low will see the stock gain 15.27% over that period. But an upside of 56.75% will see the stock hit the forecast high price target while median target price for the stock is $5.28.
Insiders at the company have transacted a total of 189 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 103 of these insider trades were purchases, accounting for 7,159,139 shares. Insider sales of the common stock occurred on 86 occasions, with total insider shares sold totaling 12,072,337 shares.
The top 3 mutual fund holders in B2Gold Corp. are VanEck Gold Miners ETF, BlackRock Global Funds – World Go, and Fidelity Contrafund. VanEck Gold Miners ETF owns 57.38 million shares of the company’s stock, all valued at over $176.15 million. The company sold 56112.0 shares recently to bring their total holdings to about 5.40% of the shares outstanding. Fidelity Contrafund sold 90633.0 shares to bring its total holdings to over 43.09 million shares at a value of $132.28 million. Fidelity Contrafund now owns shares totaling to 4.05% of the shares outstanding.
Shares of B2Gold Corp. (AMEX: BTG) opened at $3.35, down -$0.04 from a prior closing price of $3.39. However, the script later moved the day high at 3.3500, down -1.77%. The company’s stock has a 5-day price change of -5.13% and 0.00% over the past three months. BTG shares are trading -15.27% year to date (YTD), with the 12-month market performance down to -24.49% lower. It has a 12-month low price of $2.81 and touched a high of $5.07 over the same period. BTG has an average intraday trading volume of 10.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.48%, 4.08%, and -10.91% respectively.
Institutional ownership of B2Gold Corp. (AMEX: BTG) shares accounts for 67.79% of the company’s 1.07B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $3.58B. The stock’s trailing 12-month PE ratio is 15.14, while the earnings-per-share (ttm) stands at $0.22. The company has a PEG of 0.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.99% over the week and 3.79% over the month.
Analysts forecast that B2Gold Corp. (BTG) will achieve an EPS of $0.05 for the current quarter, $0.12 for the next quarter and $0.33 for 2023. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -30.60%, and 28.00% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 29.72% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate B2Gold Corp. (BTG) as a “Strong Buy” at a consensus score of 1.50. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 1 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BTG, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on December 10, 2021, with the firm’s price target at $5. Canaccord Genuity on their part issued Buy rating on April 24, 2019.