B2GOLD CORP (NYSEARCA:BTG) Fits the Minervini Trend Template as a High-Growth Momentum Stock

Finding High-Growth Momentum Stocks With the Minervini Trend Template

Mark Minervini’s Trend Template is a methodical way to spot stocks with strong upward trends, blending technical and fundamental factors to find promising options. The approach focuses on stocks trading above important moving averages, showing strong performance compared to others, and displaying improving earnings and revenue growth. When combined with a High Growth Momentum (HGM) rating—which highlights companies with solid earnings and sales trends—the screen assists investors in locating stocks that not only have a strong technical foundation but also fundamental reasons for continued growth.

B2GOLD CORP (NYSEARCA:BTG) is one stock that fits these conditions. Below, we explore why BTG aligns with the Minervini strategy and why it might interest growth-focused investors.

How BTG Fits the Minervini Trend Template

The Minervini Trend Template demands stocks meet several technical requirements to confirm a strong upward trend. Here’s how BTG measures up:

Price Above Key Moving Averages

• Current Price ($3.58) > 150-Day MA ($3.09) – Shows a positive mid-term trend.
• Current Price > 200-Day MA ($3.03) – Confirms a long-term upward phase.
• 50-Day MA ($3.57) > 150-Day & 200-Day MA – Indicates increasing momentum.

Rising Moving Averages

• The 150-day and 200-day moving averages are climbing, supporting the stock’s strength.

Price Compared to 52-Week High/Low

• Current Price is 44.9% above its 52-week low ($2.20) – Highlights strong recovery potential.
• Within 6.8% of its 52-week high ($3.84) – Suggests the stock is close to breaking out.

Strong Performance Compared to Others

• Relative Strength (CRS) of 85.81 – Beats 85% of the market, a key feature of top-performing stocks.

High Growth Momentum Fundamentals

Beyond technical factors, the Minervini strategy prioritizes earnings and revenue growth. BTG’s fundamentals reveal encouraging trends:

Earnings Growth

• EPS Growth Q2Q: +100% – A sharp rise in profitability.
• Next Quarter EPS Growth Estimate (Q+1): +623.8% – Analysts predict major earnings growth.

Revenue Growth

• Sales Growth Q2Q: +40.5% – Strong quarterly revenue increase.
• Next Quarter Sales Growth Estimate (Q+1): +106.4% – Further growth expected.

Profit Margin Improvement

• Latest Quarter Profit Margin: 10.8% – Recovering from earlier drops, indicating better operational efficiency.

Technical Analysis Overview

According to ChartMill’s technical report, BTG scores a 9 out of 10 on technical strength, backed by:

• A long-term upward trend with a short-term pause.
• Trading near the top of its 52-week range, though slightly behind the broader market.
• High liquidity, with an average daily volume of 42.9 million shares.
• Key support levels at $3.31-$3.57 and resistance near $3.78-$3.84.

While the stock currently lacks a perfect setup due to recent fluctuations, its strong technical and growth fundamentals make it worth watching, especially if it stabilizes before a possible breakout.

Find More High-Growth Momentum Stocks

For investors looking for similar high-growth momentum stocks that fit the Minervini Trend Template, check out our predefined screen here.

Disclaimer: This is not investment advice. Our content is for informational and educational purposes only. Please read our full disclaimer.