B2Gold Corp. (TSE:BTO) (NYSE:BTG) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$5.43.
Several research firms have recently issued reports on BTO. Raymond James reaffirmed a “hold” rating on shares of Snc-Lavalin Group in a research note on Wednesday, July 3rd. Royal Bank of Canada reaffirmed an “underperform” rating and set a GBX 215 ($2.81) price target on shares of in a research note on Wednesday, June 26th. National Bank Financial downgraded shares of Detour Gold to a “hold” rating in a research note on Friday, June 28th. Finally, Canaccord Genuity lifted their target price on shares of B2Gold from C$5.25 to C$5.75 in a research note on Monday, June 3rd.
In other news, Director Clive Thomas Johnson sold 142,195 shares of B2Gold stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$3.56, for a total transaction of C$506,214.20. Following the completion of the transaction, the director now directly owns 4,797,400 shares in the company, valued at C$17,078,744. Also, Director Robert Gayton sold 40,000 shares of B2Gold stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of C$3.98, for a total transaction of C$159,200.00. Following the transaction, the director now owns 279,000 shares of the company’s stock, valued at C$1,110,420. Insiders have sold 214,052 shares of company stock valued at $788,575 over the last quarter.
B2Gold stock traded down C$0.04 during mid-day trading on Thursday, reaching C$4.06. The company had a trading volume of 2,359,285 shares, compared to its average volume of 3,036,377. B2Gold has a fifty-two week low of C$2.77 and a fifty-two week high of C$4.40. The company has a debt-to-equity ratio of 28.33, a quick ratio of 0.88 and a current ratio of 2.04. The firm has a market cap of $4.13 billion and a P/E ratio of -580.00. The company has a fifty day moving average of C$3.84.
B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Tuesday, May 7th. The company reported C$0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.05. The company had revenue of C$401.08 million during the quarter, compared to analyst estimates of C$404.25 million. Sell-side analysts predict that B2Gold will post 0.24 earnings per share for the current fiscal year.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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