B2gold Corp [BTG] stock is trading at $2.56, up 6.67%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BTG shares have gain 2.81% over the last week, with a monthly amount drifted -8.57%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, B2Gold Reports Strong Q4 and Full Year 2023 Results; Achieved 2023 Total Gold Production and Consolidated Cost Guidance; Q1 2024 Dividend of US$0.04 per Share Declared. In a post published today on Yahoo Finance, B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) announces its operational and financial results for the fourth quarter and full year 2023. The Company previously released its gold production and gold revenue results for the fourth quarter and full year 2023. All dollar figures are in United States dollars unless otherwise indicated.
From an analyst’s perspective:
B2gold Corp [AMEX: BTG] stock has seen the most recent analyst activity on February 29, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $3.50. JP Morgan downgraded its rating to a Underweight but stick to its price target of $5 on December 10, 2021. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 19, 2020.
B2gold Corp [BTG] stock has fluctuated between $2.34 and $4.40 over the past year. B2gold Corp [AMEX: BTG] shares were valued at $2.56 at the most recent close of the market.
Analyzing the BTG fundamentals
B2gold Corp [AMEX:BTG] reported sales of 1.93B for the trailing twelve months, which represents a drop of -13.59%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.43 points at the first support level, and at 2.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.62, and for the 2nd resistance point, it is at 2.69.
B2gold Corp [BTG] reported earnings per share of $0.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of -$0.01 and a surprise factor of -12.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.07 per share, a difference of -$0.02 representing a surprise of -28.60%.
Ratios To Look Out For
For context, B2gold Corp’s Current Ratio is 2.27. In addition, the Quick Ratio stands at 1.16 and the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 0.87 and price to earnings (TTM) ratio is 110.34.
