BTG Stock Summary and Trading Ideas (B2gold Common Shares (Canada) | AMEX:BTG)

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.

B2gold Common Shares (Canada) trades on the AMEX stock market under the symbol BTG.

As of April 26, 2024, BTG stock price climbed to $2.62 with 9,815,083 million shares trading.

BTG has a beta of 0.53, meaning it tends to be less sensitive to market movements. BTG has a correlation of 0.03 to the broad based SPY ETF.

BTG has a market cap of $3.41 billion. This is considered a Mid Cap stock.

Last quarter B2gold Common Shares (Canada) reported $512 million in Revenue and $.07 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$.01.

In the last 3 years, BTG stock traded as high as $5.37 and as low as $2.34.

The top ETF exchange traded funds that BTG belongs to (by Net Assets): GDX, GDXJ, DISV, DFIC, DFIS.

BTG has underperformed the market in the last year with a price return of -30.2% while the SPY ETF gained +27.4%. BTG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.6% and -9.3%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

BTG support price is $2.50 and resistance is $2.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTG stock will trade within this expected range on the day.