B2GOLD CORP.

BTO
Delayed Quote. Delayed  - 10/29 04:00:00 pm
8.25CAD +0.86%

B2Gold Corp. : Good timing to anticipate a continuation of the trend

Jordan Dufee
Analyst

Strategy published on : 10/15/2020 | 03:56

long trade
Stop-loss triggered

Entry price : 9.22CAD
Target : 10CAD
Stop-loss : 8.7CAD
Potential : 8.46%

The timing appears opportune to go long in shares of B2Gold Corp. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the CAD 10.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 50% by 2022.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● The stock is in a well-established, long-term rising trend above the technical support level at 5.95 CAD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at CAD 9.36.

● Technically, the stock approaches a strong medium-term resistance at CAD 9.75.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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