B2gold Corp Stock Buy Hold or Sell Recommendation
| BTO Stock | CAD 3.96 0.10 2.46% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding B2Gold Corp is 'Strong Sell'. The recommendation algorithm takes into account all of B2Gold Corp's available fundamental, technical, and predictive indicators you will find on this site.
Check out B2Gold Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide. In addition, we conduct extensive research on individual companies such as B2Gold and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards B2Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
B2Gold |
Execute B2Gold Corp Buy or Sell Advice
The B2Gold recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on B2Gold Corp. Macroaxis does not own or have any residual interests in B2Gold Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute B2Gold Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
B2Gold Corp Trading Alerts and Improvement Suggestions
| About 62.0% of the company shares are held by institutions such as insurance companies |
B2Gold Corp Returns Distribution Density
The distribution of B2Gold Corp's historical returns is an attempt to chart the uncertainty of B2Gold Corp's future price movements. The chart of the probability distribution of B2Gold Corp daily returns describes the distribution of returns around its average expected value. We use B2Gold Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of B2Gold Corp returns is essential to provide solid investment advice for B2Gold Corp.
| Mean Return | 0.10 | Value At Risk | -3.46 | Potential Upside | 3.88 | Standard Deviation | 2.66 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of B2Gold Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
B2Gold Corp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 37.8M | 339.1M | 193.3M | (21.1M) | (345.1M) | (327.8M) | |
| Free Cash Flow | 230.8M | 598.1M | 421.8M | 205.5M | (116.8M) | (110.9M) | |
| Depreciation | (33.6M) | (69.2M) | 331.9M | 383.9M | 729.1M | 765.5M | |
| Other Non Cash Items | 187.6M | 197.6M | 20.0M | 20.5M | 56.8M | 101.9M | |
| Capital Expenditures | 261.2M | 352.6M | 302.3M | 390.3M | 831.2M | 872.8M | |
| Net Income | 308.9M | 672.4M | 460.8M | 286.7M | 41.6M | 80.7M | |
| End Period Cash Flow | 140.6M | 479.7M | 673.0M | 651.9M | 306.9M | 224.7M | |
| Change To Inventory | (18.4M) | (24.8M) | (24.0M) | (50.3M) | (42.9M) | (40.7M) | |
| Investments | (262.8M) | (338.0M) | (29.8M) | (388.8M) | (678.5M) | (644.6M) | |
| Net Borrowings | (223.8M) | (190.7M) | (27.4M) | (25.8M) | (23.2M) | (22.0M) | |
| Change To Netincome | (15.4M) | (71.8M) | 29.6M | 60.2M | 54.2M | 46.7M |
B2Gold Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to B2Gold Corp or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that B2Gold Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a B2Gold stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 2.72 | |
Ir | Information ratio | -0.0091 |
B2Gold Corp Volatility Alert
B2Gold Corp currently demonstrates below-average downside deviation. It has Information Ratio of -0.01 and Jensen Alpha of 0.08. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure B2Gold Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact B2Gold Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.B2Gold Corp Fundamentals Vs Peers
Comparing B2Gold Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze B2Gold Corp's direct or indirect competition across all of the common fundamentals between B2Gold Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as B2Gold Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of B2Gold Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing B2Gold Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare B2Gold Corp to competition |
| Fundamentals | B2Gold Corp | Peer Average |
| Return On Equity | -0.2 | -0.31 |
| Return On Asset | -0.0254 | -0.14 |
| Profit Margin | (0.38) % | (1.27) % |
| Operating Margin | 0.24 % | (5.51) % |
| Current Valuation | 4.93 B | 16.62 B |
| Shares Outstanding | 1.31 B | 571.82 M |
| Shares Owned By Insiders | 0.65 % | 10.09 % |
| Shares Owned By Institutions | 62.08 % | 39.21 % |
| Number Of Shares Shorted | 13.98 M | 4.71 M |
| Price To Earning | 21.37 X | 28.72 X |
| Price To Book | 1.23 X | 9.51 X |
| Price To Sales | 2.71 X | 11.42 X |
| Revenue | 1.93 B | 9.43 B |
| Gross Profit | 988.1 M | 27.38 B |
| EBITDA | 1.11 B | 3.9 B |
| Net Income | 41.59 M | 570.98 M |
| Cash And Equivalents | 651.95 M | 2.7 B |
| Cash Per Share | 0.60 X | 5.01 X |
| Total Debt | 192.12 M | 5.32 B |
| Debt To Equity | 0.21 % | 48.70 % |
| Current Ratio | 3.51 X | 2.16 X |
| Book Value Per Share | 2.31 X | 1.93 K |
| Cash Flow From Operations | 714.45 M | 971.22 M |
| Short Ratio | 4.17 X | 4.00 X |
| Earnings Per Share | (0.78) X | 3.12 X |
| Target Price | 4.65 | |
| Beta | 1.24 | -0.15 |
| Market Capitalization | 5.19 B | 19.03 B |
| Total Asset | 4.87 B | 29.47 B |
| Retained Earnings | 395.85 M | 9.33 B |
| Working Capital | 397.26 M | 1.48 B |
| Annual Yield | 0.05 % | |
| Net Asset | 4.87 B |
B2Gold Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as B2Gold . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About B2Gold Corp Buy or Sell Advice
When is the right time to buy or sell B2Gold Corp? Buying financial instruments such as B2Gold Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out B2Gold Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.