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An Analysis of B2gold Corp (BTG)’s Potential Price Growth

As this happened, TD Securities downgraded its B2gold Corp [BTG] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “an Underperform”. Jefferies began covering BTG with “Buy” recommendation on February 29, 2024.

Price Performance Review of BTG

On Tuesday, B2gold Corp [AMEX:BTG] saw its stock jump 3.33% to $2.48. Over the last five days, the stock has gained 4.64%. B2gold Corp shares have risen nearly 1.64% since the year began. Nevertheless, the stocks have fallen -12.68% over the past one year. While a 52-week high of $3.50 was reached on 01/10/25, a 52-week low of $2.20 was recorded on 01/23/25. SMA at 50 days reached $2.57, while 200 days put it at $2.81.

Levels Of Support And Resistance For BTG Stock

The 24-hour chart illustrates a support level at 2.42, which if violated will result in even more drops to 2.36. On the upside, there is a resistance level at 2.52. A further resistance level may holdings at 2.56. The Relative Strength Index (RSI) on the 14-day chart is 50.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.15%. Stochastics %K at 68.86% 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 2025-01-15, growing by 0.39 million shares to a total of 28.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 27.93 million shares. There was a rise of 1.37%, which implies that there is a positive sentiment for the stock.

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