B2Gold Corp. (AMEX: BTG) stock fell -1.72% on Friday to $3.43 against a previous-day closing price of $3.49. With 16.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 13.39 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $3.5850 whereas the lowest price it dropped to was $3.4100. The 52-week range on BTG shows that it touched its highest point at $5.07 and its lowest point at $3.10 during that stretch. It currently has a 1-year price target of $5.87. With its current market cap of 3.62 billion, BTG has annualized dividend of $0.16 while the current yield stands at 4.66%.
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 3.63%, but this was down by -2.00% over a month. Three-month performance dropped to -18.53% while six-month performance fell -5.25%. The stock lost -17.55% in the past year, while it has lost -12.72% so far this year. A look at the trailing 12-month EPS for BTG yields 0.42 with Next year EPS estimates of 0.40. For the next quarter, that number is 0.06. This implies an EPS growth rate of 8.30% for this year and 2.60% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.57%.
Float and Shares Shorts:
At present, 1.06 billion BTG shares are outstanding with a float of 1.04 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 6.82 million, which was 0.65% higher than short shares on Jun 14, 2022. In addition to Mr. Clive Thomas Johnson as the firm’s Pres, CEO & Director, Mr. Michael Andrew Cinnamond CPA, L.L.B. serves as its Sr. VP of Fin. & CFO.
Through their ownership of 66.74% of BTG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of BTG, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.28% stake in BTG, the BlackRock Global Funds – World Go is the largest stakeholder. A total of 55,762,989 shares are owned by the mutual fund manager. The VanEck Gold Miners ETF, which owns about 5.27% of BTG stock, is the second-largest Mutual Fund holder. It holds 55,690,615 shares valued at 188.79 million. Fidelity Contrafund holds 4.10% of the stake in BTG, owning 43,340,835 shares worth 146.93 million.
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 Mar 30, 2022, BTG reported revenue of $365.58M and operating income of $117.79M. Over the past year, revenue came in at $1.77B while operating income stood at $682.56M. It generated $80.72M net income for the quarter, which came to $409.23M over the last twelve months. The EBITDA in the recently reported quarter was $205.58M and diluted EPS was $0.08. EBITDA for the full year was $1.07B.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BTG since 15 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 2 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 $8.36 and a low target of $4.22, the average target price over the next 12 months is $5.72. Based on these targets, BTG could surge 143.73% to reach the target high and rise by 23.03% to reach the target low. Reaching the average price target will result in a growth of 66.76% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BTG will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of $0.48 being high and $0.29 being low. For BTG, this leads to a yearly average estimate of $0.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. B2Gold Corp. surprised analysts by $0.01 when it reported $0.06 EPS against a consensus estimate of $0.05. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.06.
Summary of Insider Activity:
Insiders traded BTG stock several times over the past three months with 27 Buys and 27 Sells. In these transactions, 3,603,156 shares were bought while 9,509,494 shares were sold. The number of buy transactions has increased to 129 while that of sell transactions has risen to 109 over the past year. The total number of shares bought during that period was 8,084,422 while 12,792,239 shares were sold.