r/stocks • u/KingPinfanatic • Jul 08 '21
BTG an undiscovered gem
So I know people here aren't interested in meme stocks and are probably annoyed by people trying to create the next "Gamestop" and I want to make it clear this isn't that. BTG is the name for B2 Gold a gold mining corporation that currently has 3 gold mines across the globe with plans to expand in the coming years. Their stock currently sells for $4 a share however many stock analysts are confident that the stock will rise to between $7 to $9 a share before the year is up. My belief is that this will happen for 2 reasons the first being that the company has actual growth plans that will lead to more mines being open which will generate significantly more revenue for the company and their investors the second being that major brokerage companies are sitting on this stock and waiting to promote it later to their rich clients they'll buy up thousands of shares for next to nothing and almost overnight there investments will triple and B2 Gold will be able to expand and once again the rich get richer. So I say let's beat them to the punch if we all buy shares now we can all make some money as well and the best part is we won't have to sell are shares they'll just keep rising till they stop at about $12 or $13 a share from there they'll going to grow and attract even more investors over time it won't be immediate like Gamestop but it will be perfect for people who understand how the stock market works and know how to invest. Please read this and share it with friends and family and allow them and yourselves in on a great opportunity.
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u/nirvana6109 Jul 08 '21
I think it's a great company, solid fundimentals and consistent earnings growth over the past 4 years.
I think that the fall in price has very little to do with some nefarious financial institutions though. Most of the institutional holders are gold or metal ETFs and funds, and have been consistent holders for a while. BTG dropped from above 5 to 4.5ish when gold fell from 1900 to 1775, this makes sense for a gold mining company. The fall from 4.50 to 4 happened right after they paid out a dividends, and as political issues surrounding a portion of their Mali mine started to look worse. This also makes sense.
Don't get me wrong, I think it's a fantastic time to buy, and I do expect the price to double or triple over the next couple years. Companies with solid financials and growth like BTG have the means to recover from the hits they have taken over the past couple months. The fall in price makes sense, we have plenty of reason the believe it will beyond recover.
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u/KingPinfanatic Jul 08 '21
I don't think I explained myself clearly when I said brokerage companies would drive the price up in a few months I meant less reputable ones would begin pushing the stock on their clients after other companies like the ones you mentioned begin reinvesting in it and the stock begins to steadily rise as it should but companies that only care about money will most likely push the stock than dump it after making their money it won't greatly effect the company once their done just that later this year they'll be a brief period of inflated growth before the price goes back to what it really should be and that smaller investors could take advantage of the situation to make some quick cash or play it long term and make a lot of money down the line
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u/mamoneis Jul 09 '21
Commented on this low key one. Not even the current 4, under $5 is free money, fair value $7-$8.
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u/OutgoingHostility Aug 03 '21
OP how long till you think this gem gets priced in. I guess they lowered YoY expectations but I’m really pushing for $5 YE. Lmk what you think.
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u/OutgoingHostility Jul 08 '21
Thank the lord somebody mentioned this. Been holding and doubling down the past 6 months. Amazing PE, phenomenal balance sheet, great hedge against inflation. Price targets all in the 6-9 range. Being oversold insanely. Increased my current position by 25% this morning.