B2Gold (TSE:BTO) PT Lowered to C$7.00

B2Gold (TSE:BTO) (NYSE:BTG) had its price target decreased by equities research analysts at Eight Capital from C$7.25 to C$7.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Eight Capital’s target price would indicate a potential upside of 100.00% from the company’s previous close.

A number of other equities research analysts have also weighed in on BTO. Stifel Nicolaus decreased their price objective on shares of B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. BMO Capital Markets cut their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Canaccord Genuity Group cut their price objective on shares of B2Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a research report on Thursday, January 25th. National Bankshares cut their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, CIBC dropped their target price on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$6.10.

B2Gold Price Performance

B2Gold stock opened at C$3.50 on Monday. The firm has a 50-day moving average price of C$3.54 and a 200-day moving average price of C$3.94. The firm has a market capitalization of C$4.55 billion, a PE ratio of 350.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91. B2Gold has a 12-month low of C$3.18 and a 12-month high of C$5.74.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The firm had revenue of C$697.07 million during the quarter. B2Gold had a return on equity of 1.18% and a net margin of 0.52%. As a group, equities research analysts forecast that B2Gold will post 0.3116987 EPS for the current year.

Insider Activity at B2Gold

In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total transaction of C$49,164.30. In other B2Gold news, Director Clive Thomas Johnson sold 91,552 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. Also, Senior Officer Eduard Bartz sold 12,510 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. Insiders sold a total of 205,857 shares of company stock worth $789,779 in the last three months. Company insiders own 0.83% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.