B2gold Corp (BTG) expanding its growth trajectory ahead

With 16.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 15.48 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $2.86 whereas the lowest price it dropped to was $2.78. The 52-week range on BTG shows that it touched its highest point at $3.50 and its lowest point at $2.34 during that stretch. It currently has a 1-year price target of $4.43. With its current market cap of 5.18 billion, BTG has annualized dividend of $0.16 while the current yield stands at 5.67%. Beta for the stock currently stands at 1.12.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BTG was up-trending over the past week, with a rise of 5.22%, but this was down by -18.73% over a month. The stock lost -4.41% in the past year, while it has lost -10.76% so far this year. A look at the trailing 12-month EPS for BTG yields -0.56 with Next year EPS estimates of 0.41. For the next quarter, that number is 0.07. This implies an EPS growth rate of -14.54% for this year and 72.63% for next year. EPS is expected to grow by 4.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -22.48%.

Float and Shares Shorts:

At present, 1.30 billion BTG shares are outstanding with a float of 1.28 billion shares on hand for trading. On 2024-10-31, short shares totaled 22.04 million, which was 180.99998999999997 higher than short shares on 1727654400. In addition to Mr. Clive Thomas Johnson as the firm’s President, CEO & Director, Mr. Michael Andrew Cinnamond CPA, L.L.B. serves as its Senior VP of Finance & CFO.

Institutional Ownership:

Through their ownership of 0.6204 of BTG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, BTG reported revenue of $448229000.0 and operating income of $85731000.0. The EBITDA in the recently reported quarter was $179472000.0 and diluted EPS was -$0.48.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTG since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BTG analysts setting a high price target of 5.0 and a low target of 3.6, the average target price over the next 12 months is 4.04. Based on these targets, BTG could surge 77.3% to reach the target high and rise by 27.66% to reach the target low. Reaching the average price target will result in a growth of 43.26% from current levels.

Analysts have provided yearly estimates in a range of $0.27917 being high and $0.18944 being low. For BTG, this leads to a yearly average estimate of $0.23929. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.21.