B2Gold (TSE:BTO) PT Lowered to C$5.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price dropped by stock analysts at Scotiabank from C$5.50 to C$5.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 31.93% from the stock’s current price.

BTO has been the subject of several other research reports. BMO Capital Markets reduced their price target on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Canaccord Genuity Group upped their price target on shares of B2Gold from C$7.25 to C$7.50 in a research report on Tuesday, April 23rd. National Bankshares cut 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 report on Tuesday, February 27th. Eight Capital cut 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 report on Monday, April 22nd. Finally, Stifel Nicolaus cut their target price on shares of B2Gold from C$6.50 to C$6.00 in a research report on Friday, April 19th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$6.05.

B2Gold Price Performance

TSE:BTO traded up C$0.20 during trading hours on Thursday, reaching C$3.79. 3,783,374 shares of the company’s stock were exchanged, compared to its average volume of 3,665,567. The company has a market capitalization of C$4.93 billion, a P/E ratio of 376.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.13. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$5.74. The company has a quick ratio of 3.33, a current ratio of 2.27 and a debt-to-equity ratio of 4.91. The business’s 50-day simple moving average is C$3.58 and its two-hundred day simple moving average is C$3.88.

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

Insider Activity at B2Gold

In related news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total value of C$49,164.30. In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total value of C$49,164.30. Also, Director Clive Thomas Johnson sold 86,475 shares of the firm’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$339,846.75. In the last three months, insiders have sold 205,857 shares of company stock worth $789,779. 0.83% of the stock is owned by insiders.

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.