When looking at valuations, B2Gold Corp. (BTG) has a pricey P/E of 24.71x as compared to industry average of 2.08x. It trades for 12 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 1.51x price/book and 2.21x price/sales.
B2Gold Corp. (NYSE:BTG) is now worth $2.49B thanks to -0.79% drop in recent trade and currently has a price tag of $2.52. The shares traded as low as $2.5 and had $2.61 an intraday high earlier Thursday. Trading activity significantly improved as the volume at ready counter increased to 4,082,148 shares versus 3,423,905 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,510,350 shares. The stock is now 20% above against its bear-market low of $2.1. Now the market price is down -18.71% YTD.
BTG’s 50 day simple moving average (SMA 50) price is $2.54 and its 200-day simple moving average (SMA 200) price is $2.6. The company’s stock currently has a total float of 967.89M shares. Its weekly volatility is hovering around 4% and felt 4.12% volatility in price over a month. On the upside, the share price will test short term resistance at around $2.59. On a downside, the stock is likely to find some support, which begins at $2.48. The failure to get near-term support could push it to $2.43.
Wall Street’s most bullish B2Gold Corp. (NYSE:BTG) analysts are predicting the share price to blow past $6 per share during the next 12 months. The current median share price forecast by them is $5.05, suggesting that the stock could increase 100.4% in that time frame. The average price target of $5.13 calls for a nearly 103.57% increase in the stock price.
Shares of B2Gold Corp. (BTG) have dropped -1.6% since the company’s last earnings report. Over the past 10 fiscal quarters, B2Gold Corp. (NYSE:BTG) has topped consensus earnings estimates in 4 quarters (33%), missed earnings in 4 quarters (33%), whereas at 2 occasion EPS met analyst expectations. BTG last reported earnings on November 06, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.05 per share, -98.26% change on the same period last year. That was worse than consensus for $0.05. Revenue for the recent quarter stood at $323.86 million, up 110% on last year and above the $309.75 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $270.07 million to $291 million, which should be compared with $311.67 million generated last year. EPS is seen in a range of $0.02 to $0.04, against the $0.04 reported a year ago.