National Bank Financial Issues Pessimistic Forecast for B2Gold (TSE:BTO) Stock Price

B2Gold (TSE:BTO) (NYSE:BTG) had its price target cut by stock analysts at National Bank Financial from C$10.70 to C$9.75 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 82.58% from the stock’s current price.

B2Gold Price Performance

Shares of BTO traded down C$0.01 during midday trading on Tuesday, reaching C$5.34. The stock had a trading volume of 2,429,513 shares, compared to its average volume of 6,403,275. The company has a current ratio of 1.19, a quick ratio of 3.33 and a debt-to-equity ratio of 14.16. The company has a market capitalization of C$7.12 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The company’s 50-day moving average is C$6.13 and its 200 day moving average is C$6.54. B2Gold has a 12-month low of C$4.56 and a 12-month high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. The business had revenue of C$1.61 billion for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. On average, equities analysts predict that B2Gold will post 0.5596659 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ninette Krohnert sold 4,700 shares of the stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$27,636.00. Following the completion of the sale, the insider directly owned 62,557 shares in the company, valued at approximately C$367,835.16. This represents a 6.99% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 22,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of C$5.70, for a total value of C$125,400.00. Following the completion of the sale, the insider owned 119,989 shares of the company’s stock, valued at approximately C$683,937.30. This trade represents a 15.49% decrease in their position. Insiders have sold a total of 250,238 shares of company stock worth $1,564,825 in the last 90 days. 0.66% of the stock is currently owned by company insiders.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.