Trading Day Review: B2gold Corp (BTG) Gains Momentum, Closing at 3.30

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The price of B2gold Corp (AMEX: BTG) closed at $3.30 in the last session, up 2.17% from day before closing price of $3.23. In other words, the price has increased by $2.17 from its previous closing price. On the day, 53.66 million shares were traded.

Ratios:

We take a closer look at BTG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.13.

On February 29, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $3.50.Jefferies initiated its Buy rating on February 29, 2024, with a $3.50 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 1.39.

Stock Price History:

Over the past 52 weeks, BTG has reached a high of $3.51, while it has fallen to a 52-week low of $2.20. The 50-Day Moving Average of the stock is 7.28%, while the 200-Day Moving Average is calculated to be 14.62%.

Shares Statistics:

A total of 1.32B shares are outstanding, with a floating share count of 1.24B. Insiders hold about 5.90% of the company’s shares, while institutions hold 58.75% stake in the company.

Earnings Estimates

The company has 6.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.13, with high estimates of $0.18 and low estimates of $0.1.

Analysts are recommending an EPS of between $0.56 and $0.4 for the fiscal current year, implying an average EPS of $0.47. EPS for the following year is $0.48, with 11.0 analysts recommending between $0.72 and $0.26.

Revenue Estimates

According to 1 analysts, the current quarter’s revenue is expected to be $696M. It ranges from a high estimate of $696M to a low estimate of $696M. As of the current estimate, B2gold Corp’s year-ago sales were $492.57M

A total of 5 analysts have provided revenue estimates for BTG’s current fiscal year. The highest revenue estimate was $2.96B, while the lowest revenue estimate was $2.74B, resulting in an average revenue estimate of $2.9B. In the same quarter a year ago, actual revenue was $1.9BBased on 6 analysts’ estimates, the company’s revenue will be $2.98B in the next fiscal year. The high estimate is $3.59B and the low estimate is $2.58B.

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