B2Gold (TSE:BTO) (NYSE:BTG) had its price objective raised by analysts at TD Securities from C$5.50 to C$6.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 55.44% from the company’s current price.
Other analysts have also issued reports about the company. Eight Capital lowered their price objective on B2Gold from C$5.40 to C$5.00 in a research report on Monday, January 7th. Cormark lowered their price objective on B2Gold from C$6.00 to C$5.75 in a research report on Tuesday, December 4th. Raymond James set a C$4.50 price objective on B2Gold and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets reiterated an “outperform” rating and issued a C$5.00 price objective on shares of B2Gold in a research report on Thursday, January 17th. Finally, National Bank Financial lowered their price objective on B2Gold from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, January 17th. Seven investment analysts have rated the stock with a buy rating, B2Gold currently has a consensus rating of “Buy” and an average price target of C$5.36.
BTO stock traded down C$0.07 during midday trading on Thursday, reaching C$3.86. The stock had a trading volume of 1,463,588 shares, compared to its average volume of 3,432,229. The company has a quick ratio of 0.79, a current ratio of 1.27 and a debt-to-equity ratio of 44.21. The firm has a market cap of $3.85 billion and a price-to-earnings ratio of 37.84. B2Gold has a twelve month low of C$2.77 and a twelve month high of C$4.40.
In other news, Senior Officer Dale Alton Craig sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of C$3.75, for a total transaction of C$93,750.00. Following the completion of the transaction, the insider now directly owns 17,189 shares in the company, valued at approximately C$64,458.75. Also, insider Eduard Bartz sold 125,000 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of C$3.99, for a total value of C$498,250.00. Following the transaction, the insider now owns 8,162 shares of the company’s stock, valued at C$32,533.73. Insiders have sold a total of 300,000 shares of company stock valued at $1,168,000 over the last 90 days.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
Further Reading: Cash Flow
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