70.7 F
New York
Wednesday, September 30, 2020

B2Gold Corp. (AMEX:BTG) is Waving the Bear Flag

Must read

SLM Corporation (NASDAQ:SLM) is Waving the Bull Flag

SLM Corporation (SLM) shares are trading at higher $7.97 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

FirstEnergy Corp. (NYSE:FE) Recent Earnings Shows Major Concern

FirstEnergy Corp. (FE) shares are trading at lower $28.45 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Platinum Group Metals Ltd. (AMEX:PLG) Stock is Plummeting, Here is Why

Platinum Group Metals Ltd. (PLG) shares are trading at lower $2.09 and the avg recommendation for the stock is Moderate Buy. To add more...

The Rejuvenation of Callon Petroleum Company (NYSE:CPE)

Callon Petroleum Company (CPE) shares are trading at higher $5.16 and the avg recommendation for the stock is Hold. To add more color to...

The B2Gold Corp. (BTG) shares are trading at lower $6.63 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $3.50.

To add more color to this target, the company’s high over the last year is $6.91 and the low is $2.16. Over the last 52 weeks, BTG is down -4.05% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BTG reported a profit of $192.4 million. B2Gold Corp. also saw revenues increase to $380.3 million. In addition, BTG has free cash flow of $103.55 million as of 03-2020. The company’s EBITDA came in at $250.04 million which compares well with its peers.

Find out when BTG reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BTG has a short ratio of 0.65 and outstanding shares of 1.04B.

Company Outlook

BTG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.88 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.34. B2Gold Corp. BTG also noted assets of $2.82 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BTG has historically followed its peers on positive news.

All told, B2Gold Corp. BTG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BTG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

B2Gold Corp. BTG is now commanding a market cap of 6.90B and a float of 1.03B. BTG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BTG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BTG, either long or short, and we have not been compensated for this article.

Latest article

William Hill ADR (OTCMKTS:WIMHY) Stock Soars On Caesars’ Buzz

In a development that could have far-reaching ramifications for the gambling industry, it has emerged this week that Caesars is now it...

Sterling Bancorp (NYSE:STL) on the Path to Profitability

Sterling Bancorp (STL) shares are trading at higher $10.62 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Is Now the Time to Invest in Adobe Inc. (NASDAQ:ADBE)?

Adobe Inc. (ADBE) shares are trading at higher $488.51 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Las Vegas Sands Corp. (NYSE:LVS) Stock is Soaring, Here is Why

Las Vegas Sands Corp. (LVS) shares are trading at higher $47.62 and the avg recommendation for the stock is Strong Buy, while the current...

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) is Holding Steady

American Axle & Manufacturing Holdings Inc. (AXL) shares are trading at higher $5.60 and the avg recommendation for the stock is Moderate Buy. To...