Update from B2gold Corp (BTG): A steady trajectory

After finishing at $2.70 in the prior trading day, B2gold Corp (AMEX: BTG) closed at $2.82, up 4.44%. In other words, the price has increased by $+0.1200 from its previous closing price. On the day, 36752124 shares were traded. BTG stock price reached its highest trading level at $2.8300 during the session, while it also had its lowest trading level at $2.6400.

Ratios:

Our goal is to gain a better understanding of BTG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on February 29, 2024, initiated with a Buy rating and assigned the stock a target price of $3.50.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BTG now has a Market Capitalization of 3.50B and an Enterprise Value of 3.38B. As of this moment, B2gold’s Price-to-Earnings (P/E) ratio for their current fiscal year is 121.55, and their Forward P/E ratio for the next fiscal year is 7.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 1.75 whereas that against EBITDA is 4.59.

Stock Price History:

Over the past 52 weeks, BTG has reached a high of $4.40, while it has fallen to a 52-week low of $2.34. The 50-Day Moving Average of the stock is 2.6128, while the 200-Day Moving Average is calculated to be 3.0598.

Shares Statistics:

The stock has traded on average 10.73M shares per day over the past 3-months and 13.46M shares per day over the last 10 days, according to various share statistics. A total of 1.30B shares are outstanding, with a floating share count of 1.29B. Insiders hold about 1.09% of the company’s shares, while institutions hold 65.99% stake in the company. Shares short for BTG as of Mar 15, 2024 were 22.71M with a Short Ratio of 2.12, compared to 15.06M on Feb 15, 2024.

Dividends & Splits

In the trailing 12 months, BTG’s forward annual dividend rate was 0.16, compared to 0.16 this year. Against a Trailing Annual Dividend Yield of 5.93%, it implies a Forward Annual Dividend Yield of 6.30%.

Earnings Estimates

Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.03, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.04, with high estimates of $0.06 and low estimates of $0.03.

Analysts are recommending an EPS of between $0.26 and $0.13 for the fiscal current year, implying an average EPS of $0.2. EPS for the following year is $0.4, with 11 analysts recommending between $0.55 and $0.23.

Revenue Estimates

2 analysts predict $419.23M in revenue for the current quarter. It ranges from a high estimate of $421M to a low estimate of $417.47M. As of the current estimate, B2gold Corp’s year-ago sales were $458M, an estimated decrease of -8.50% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $417.47M, a decrease of -11.30% less than the figure of -$8.50% in the same quarter last year. There is a high estimate of $417.47M for the next quarter, whereas the lowest estimate is $417.47M.

A total of 9 analysts have provided revenue estimates for BTG’s current fiscal year. The highest revenue estimate was $1.82B, while the lowest revenue estimate was $1.69B, resulting in an average revenue estimate of $1.75B. In the same quarter a year ago, actual revenue was $1.93B, down -9.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2.43B in the next fiscal year. The high estimate is $2.58B and the low estimate is $2.25B. The average revenue growth estimate for next year is up 38.80% from the average revenue estimate for this year.

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