B2Gold (TSE:BTO) PT Raised to C$7.50

B2Gold (TSE:BTO) (NYSE:BTG) had its target price hoisted by Canaccord Genuity Group from C$7.25 to C$7.50 in a research report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 116.14% from the company’s current price.

BTO has been the subject of several other research reports. National Bankshares lowered their target price on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Stifel Nicolaus lowered their target price on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday, April 19th. BMO Capital Markets lowered their target price on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. CIBC lowered their target price on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, Eight Capital lowered their target price on shares of B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research note on Monday. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, B2Gold presently has an average rating of “Buy” and an average target price of C$6.10.

B2Gold Trading Down 0.9 %

Shares of BTO opened at C$3.47 on Tuesday. 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. 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$4.51 billion, a P/E ratio of 347.00, a P/E/G ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The firm had revenue of C$697.07 million during the quarter. Sell-side analysts forecast that B2Gold will post 0.3116987 EPS for the current year.

Insider Transactions at B2Gold

In other news, Director Clive Thomas Johnson sold 91,552 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total transaction of C$343,320.00. In related news, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction that occurred 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. Over the last quarter, insiders have sold 205,857 shares of company stock valued at $789,779. 0.83% of the stock is currently owned by corporate insiders.

About B2Gold

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.