TD Securities Upgrades B2Gold (TSE:BTO) to Strong-Buy

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on BTO. Scotia raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price objective for the company in a research note on Monday. National Bank Financial dropped their price objective on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday. ATB Cormark Capital Markets raised B2Gold from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$6.50 to C$11.00 in a research report on Monday. Finally, TD upgraded B2Gold from a “hold” rating to a “buy” rating and increased their target price for the stock from C$6.00 to C$8.50 in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, B2Gold currently has a consensus rating of “Buy” and a consensus target price of C$9.33.

B2Gold Stock Up 0.1%

Shares of BTO opened at C$7.04 on Monday. The company has a quick ratio of 3.33, a current ratio of 1.58 and a debt-to-equity ratio of 11.48. The business has a fifty day moving average of C$5.69 and a 200 day moving average of C$6.43. The company has a market cap of C$9.30 billion, a PE ratio of 18.53, a P/E/G ratio of -0.27 and a beta of 1.74. B2Gold has a 52-week low of C$4.81 and a 52-week high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. B2Gold had a net margin of 21.20% and a return on equity of 21.87%. The business had revenue of C$1.12 billion for the quarter. On average, sell-side analysts expect that B2Gold will post 0.5596659 EPS for the current year.

Insider Buying and Selling at B2Gold

In other B2Gold news, insider Ninette Krohnert sold 4,700 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$27,636.00. Following the completion of the sale, the insider directly owned 62,557 shares in the company, valued at approximately C$367,835.16. This represents a 6.99% decrease in their position. Also, insider Neil Reeder sold 8,482 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$49,874.16. Following the completion of the sale, the insider owned 10,067 shares of the company’s stock, valued at C$59,193.96. This represents a 45.73% decrease in their ownership of the stock. Insiders sold a total of 227,252 shares of company stock worth $1,401,375 over the last quarter. 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.