B2Gold (TSE:BTO) (NYSE:BTG) had its target price cut by equities researchers at National Bankshares from C$8.50 to C$8.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 78.97% from the company’s current price.
BTO has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded shares of B2Gold from a “neutral” rating to an “underweight” rating in a research note on Friday, December 10th. Haywood Securities cut their price objective on shares of B2Gold from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Thursday. Raymond James reiterated an “outperform” rating and issued a C$6.50 price objective on shares of B2Gold in a research report on Tuesday, January 11th. Royal Bank of Canada set a C$5.75 price objective on shares of B2Gold and gave the company a “sector perform” rating in a research report on Wednesday, November 3rd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a C$7.00 price objective (down from C$8.00) on shares of B2Gold in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$8.00.
Shares of TSE:BTO traded down C$0.15 during trading on Friday, hitting C$4.47. The company’s stock had a trading volume of 3,079,082 shares, compared to its average volume of 3,580,422. The business has a 50 day moving average price of C$4.92 and a two-hundred day moving average price of C$4.93. The company has a market capitalization of C$4.72 billion and a PE ratio of 8.37. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.90 and a current ratio of 4.89. B2Gold has a fifty-two week low of C$4.21 and a fifty-two week high of C$6.63.
B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Tuesday, November 2nd. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.02). The company had revenue of C$643.26 million for the quarter, compared to analysts’ expectations of C$652.05 million. As a group, equities analysts expect that B2Gold will post 0.56 earnings per share for the current fiscal year.
In other news, Senior Officer John Alex Rajala sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of C$5.28, for a total transaction of C$633,600.00. Following the transaction, the insider now directly owns 97,980 shares of the company’s stock, valued at C$517,334.40. Also, Senior Officer Neil Reeder sold 100,000 shares of the company’s stock in a transaction on Friday, January 14th. The stock was sold at an average price of C$4.51, for a total value of C$451,000.00. Insiders have sold 310,000 shares of company stock valued at $1,556,200 in the last three months.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.