B2Gold’s (BTO) Buy Rating Reiterated at Pi Financial

B2Gold (TSE:BTO) (NYSE:BTG)‘s stock had its “buy” rating reaffirmed by research analysts at Pi Financial in a research note issued on Thursday, BayStreet.CA reports. They currently have a C$6.50 price target on the stock. Pi Financial’s price target indicates a potential upside of 21.72% from the stock’s current price.

Several other brokerages have also recently commented on BTO. Raymond James reiterated an “outperform” rating and issued a C$6.25 target price on shares of B2Gold in a report on Friday, November 8th. National Bank Financial upped their target price on B2Gold from C$7.50 to C$8.00 in a report on Monday, November 18th. Finally, TD Securities upgraded B2Gold from a “buy” rating to an “action list buy” rating and upped their target price for the company from C$7.50 to C$8.00 in a report on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. B2Gold currently has an average rating of “Buy” and an average target price of C$6.56.

Shares of B2Gold stock traded up C$0.03 on Thursday, hitting C$5.34. The stock had a trading volume of 3,223,954 shares, compared to its average volume of 3,294,433. The stock has a 50 day moving average of C$4.99 and a 200 day moving average of C$4.59. B2Gold has a twelve month low of C$3.24 and a twelve month high of C$5.36. The company has a debt-to-equity ratio of 19.63, a quick ratio of 0.75 and a current ratio of 2.40. The firm has a market capitalization of $5.33 billion and a P/E ratio of 95.36.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.03. The firm had revenue of C$410.30 million during the quarter. Equities analysts expect that B2Gold will post 0.37 earnings per share for the current year.

In other B2Gold news, Senior Officer Roger Richer sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of C$4.70, for a total transaction of C$94,000.00. Following the transaction, the insider now directly owns 1,350,000 shares in the company, valued at approximately C$6,345,000. Also, Director Robert Gayton sold 9,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$4.82, for a total value of C$43,380.00. Following the transaction, the director now owns 220,000 shares in the company, valued at C$1,060,400. Insiders sold 239,099 shares of company stock worth $1,200,975 over the last quarter.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Analyst Recommendations for B2Gold (TSE:BTO)

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