B2Gold (TSE:BTO) Rating Increased to Outperform at ATB Cormark Capital Markets

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by research analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. The firm currently has a C$11.00 price objective on the stock, up from their prior price objective of C$6.50. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 56.03% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. National Bank Financial cut their price objective on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. TD upgraded B2Gold from a “hold” rating to a “buy” rating and raised their target price for the company from C$6.00 to C$8.50 in a research report on Monday. Finally, Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 target price on the stock in a research report on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$9.33.

B2Gold Stock Performance

Shares of TSE BTO traded up C$0.02 during midday trading on Monday, reaching C$7.05. 3,504,408 shares of the stock were exchanged, compared to its average volume of 6,164,595. The firm has a market cap of C$9.31 billion, a price-to-earnings ratio of 18.55, a PEG ratio of -0.27 and a beta of 1.74. B2Gold has a twelve month low of C$4.81 and a twelve month high of C$8.60. The firm has a 50-day simple moving average of C$5.68 and a two-hundred day simple moving average of C$6.43. The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. The firm had revenue of C$1.12 billion during the quarter. As a group, analysts anticipate that B2Gold will post 0.5596659 EPS for the current fiscal year.

Insider Buying and Selling at B2Gold

In related news, insider Neil Reeder sold 8,482 shares of the company’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$49,874.16. Following the completion of the transaction, the insider owned 10,067 shares in the company, valued at C$59,193.96. This represents a 45.73% decrease in their position. Also, insider William Lytle sold 14,089 shares of the firm’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the completion of the transaction, the insider directly owned 218,475 shares in the company, valued at C$1,284,633. This represents a 6.06% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 227,252 shares of company stock valued at $1,401,375. Corporate insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.