Almost all gold mining companies reported record profits as the yellow metal soared in 2020. However, gold stocks have come down significantly this year as the gold retrenched. One stock that has seen a notable fall recently is B2Gold (TSX:BTO) (NYSE:BTG). It has fallen more than 40% after topping last month and is currently trading close to its 10-month lows....
Fundamentals: If gold rally continues due to inflationary fears, gold stocks including BTG could offer good risk/reward ratios. B2Gold Corp. is an exploration company, which engages in the acquisition and development of mineral properties. According to Interactive Brokers, the average 1 year target from analysts = 8. The company has attractive value...
Currently testing first major support line, lets see if it will bounce or break. RSI is low so I expect a jump soon but may be shortlived. Good buying opportunity if it approaches second support (that's where I would look to buy). Trade safely.
This is not financial advice.
AMEX:BTG currently offers one of the most compelling chart-based entries of any top-tier gold mining company. BTG offers tremendous value and can easily be considered a core holding within any long-term portfolio. We are currently within our first of two buy zone targets, both of which offer extremely undervalued buying opportunities. We will be adding a half...
this one is very weak and continues to bounce off the top trendline resistance.. target would be 3.6-3.8 before id consider a long position. better options in my opinion. goodluck ! :)
b2Gold will be announcing earnings on Feb 23 (Gann seasonal date) and prices has been sitting on support level $5.
Current Gold price 1800 is a profitable level for all gold miners and b2Gold operates in low cost regions like Africa etc.
sitting on good cash level +500m and p/e 8.
Good to collect now ...
Based on past oversold on the 1 hour chart, we can expect a correction to favour the bulls until the past resistance/support at the mid 7.50s CAD. That's generally a 11-13% gain in 7 to 8 days.
All these gold miners are going to get a lot of attention in 2021 with gold about to likely take another bull run. After all, all asset classes are going up so gold,...
BTG is a great gold mining company with lately surprising earnings, etc. Amazing company as we head on to the future. $10 price target by sometime next year. If we get a gold halidays rally then BTG will definitely take off quicker than expected. Patience ;)
The sell-off in gold was expected but did not expect 1850 to fail, nor see BTG down to 5.11 intraday the other day, but... we are where we are. BTG has entered into a strong demand zone and should start to move up in anticipation of gold rising into the end of the year. The bulls seem to be struggling here trying to stay above $1800 and a drop below 1795 would...
Appears that numerous gold stocks will have a very similar looking charts are now testing previous levels of support from June.
I am not expecting gold to move any time soon or do something super exciting; although, I hope they stay inside the channel and trade sideways.
Execution is to buy position or call options at bottom of channel and sell on a profit,...
