In the meantime, Jefferies initiated its B2gold Corp [BTG] rating to a Buy in a research note published on February 29, 2024; the price target was $3.50. JP Morgan revised its rating on December 10, 2021. It rated BTG as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of BTG
On Tuesday, B2gold Corp [AMEX:BTG] saw its stock jump 1.98% to $2.57. Over the last five days, the stock has gained 6.20%. B2gold Corp shares have risen nearly 5.33% since the year began. Nevertheless, the stocks have fallen -15.46% over the past one year. While a 52-week high of $3.50 was reached on 01/07/25, a 52-week low of $2.34 was recorded on 01/02/25. SMA at 50 days reached $2.80, while 200 days put it at $2.83.
Levels Of Support And Resistance For BTG Stock
The 24-hour chart illustrates a support level at 2.52, which if violated will result in even more drops to 2.48. On the upside, there is a resistance level at 2.63. A further resistance level may holdings at 2.70. The Relative Strength Index (RSI) on the 14-day chart is 46.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.00%. Stochastics %K at 59.22% indicates the stock is a holding.
How much short interest is there in B2gold Corp?
A steep rise in short interest was recorded in B2gold Corp stocks on 2024-12-13, growing by 5.09 million shares to a total of 27.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 22.84 million shares. There was a rise of 18.22%, which implies that there is a positive sentiment for the stock.
