B2gold Corp (BTG) Stock Short-term Performance Analysis

A share price of B2gold Corp [BTG] is currently trading at $2.89, down -0.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BTG shares have gain 1.05% over the last week, with a monthly amount glided 8.65%, and seem to be holding up well over a long-time horizon.

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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 experienced fluctuations in its stock price throughout the past year between $2.34 and $4.40. B2gold Corp [AMEX: BTG] shares were valued at $2.89 at the most recent close of the market.

Analyzing the BTG fundamentals

Trailing Twelve Months sales for B2gold Corp [AMEX:BTG] were 1.93B which represents -13.59% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.

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 2.82 points at the first support level, and at 2.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.01, and for the 2nd resistance point, it is at 3.14.

Ratios To Look Out For

To put it in perspective, the Current Ratio for B2gold Corp [AMEX:BTG] is 2.27. Also, the Quick Ratio is 1.16, while the Cash Ratio stands at 0.98. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 124.57.

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