B2Gold (TSE:BTO) Stock Price Expected to Rise, National Bankshares Analyst Says

B2Gold (TSE:BTO) (NYSE:BTG) had its target price hoisted by equities research analysts at National Bankshares from C$9.25 to C$10.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 55.52% from the company’s previous close.

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

B2Gold Trading Up 1.6%

B2Gold stock opened at C$6.43 on Tuesday. B2Gold has a 52-week low of C$3.16 and a 52-week high of C$8.35. The company has a market cap of C$8.59 billion, a P/E ratio of 42.87, a P/E/G ratio of -0.27 and a beta of 0.89. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The business has a 50-day simple moving average of C$6.51 and a two-hundred day simple moving average of C$5.72.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The firm 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%. Analysts predict that B2Gold will post 0.5596659 EPS for the current year.

Insiders Place Their Bets

In related news, 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 completion of the sale, the insider owned 38,975 shares in the company, valued at approximately C$285,686.75. This trade represents a 95.45% decrease in their ownership of the stock. Also, insider John Alex Rajala sold 142,857 shares of B2Gold stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$7.50, for a total value of C$1,071,427.50. Following the sale, the insider directly owned 238,342 shares in the company, valued at C$1,787,565. This trade represents a 37.48% decrease in their position. Insiders sold 1,253,978 shares of company stock valued at $9,256,534 in the last ninety days. 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.