B2Gold (TSE:BTO) Stock Rating Lowered by Scotiabank

B2Gold (TSE:BTO) (NYSE:BTG) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, BayStreet.CA reports.

A number of other research firms also recently weighed in on BTO. Cormark upped their target price on B2Gold from C$5.00 to C$5.50 in a research report on Thursday, June 20th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Stifel Nicolaus dropped their price target on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Eight Capital reduced their price objective on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of B2Gold from C$7.00 to C$7.25 in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.97.

B2Gold Stock Performance

BTO stock traded down C$0.44 during trading on Friday, hitting C$3.37. 11,044,734 shares of the company’s stock traded hands, compared to its average volume of 3,315,815. The stock has a fifty day moving average price of C$3.82 and a two-hundred day moving average price of C$3.68. The company has a quick ratio of 3.33, a current ratio of 2.99 and a debt-to-equity ratio of 1.15. B2Gold has a 52 week low of C$3.18 and a 52 week high of C$4.74. The stock has a market capitalization of C$4.38 billion, a price-to-earnings ratio of -56.17, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. In other B2Gold news, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Over the last quarter, insiders have sold 162,558 shares of company stock valued at $628,717. 0.70% of the stock is currently owned by corporate insiders.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.