B2Gold (TSE:BTO) Price Target Raised to C$10.00 at National Bankshares

B2Gold (TSE:BTO) (NYSE:BTG) had its price target boosted by stock analysts at National Bankshares from C$9.25 to C$10.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 58.23% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus cut their price target on shares of B2Gold from C$11.50 to C$10.50 in a research note on Tuesday, November 11th. Bank of America raised their price objective on B2Gold from C$5.35 to C$6.25 in a report on Thursday, October 16th. Finally, Cormark cut B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$7.90.

B2Gold Stock Up 1.8%

BTO stock traded up C$0.11 during trading on Tuesday, hitting C$6.32. 2,059,630 shares of the company’s stock were exchanged, compared to its average volume of 4,337,832. The business has a 50-day moving average price of C$6.54 and a two-hundred day moving average price of C$5.71. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The stock has a market capitalization of C$8.44 billion, a price-to-earnings ratio of 42.13, a PEG ratio of -0.27 and a beta of 0.89. B2Gold has a 52-week low of C$3.16 and a 52-week high of C$8.35.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$1.09 billion for the quarter. B2Gold had a negative net margin of 38.20% and a negative return on equity of 20.27%. As a group, equities research analysts expect that B2Gold will post 0.5596659 EPS for the current year.

Insider Buying and Selling at B2Gold

In other news, insider Peter Dominic Montano sold 147,000 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$7.49, for a total value of C$1,101,030.00. Following the completion of the sale, the insider directly owned -1,405 shares of the company’s stock, valued at approximately C($10,523.45). This represents a 100.97% decrease in their ownership of the stock. Also, insider William Lytle sold 817,121 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of C$7.33, for a total transaction of C$5,989,496.93. Following the sale, the insider owned 38,975 shares of the company’s stock, valued at C$285,686.75. This trade represents a 95.45% decrease in their position. In the last three months, insiders have sold 1,253,978 shares of company stock valued at $9,256,534. Company insiders own 0.66% of the company’s stock.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.