B2Gold (TSE:BTO) Upgraded at Cormark

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by investment analysts at Cormark from a “market perform” rating to a “buy” rating in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a C$6.25 price target on the stock, up from their previous price target of C$4.50. Cormark’s price objective would indicate a potential upside of 53.19% from the stock’s current price.

Several other research firms have also issued reports on BTO. Bank of America lowered shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. BMO Capital Markets decreased their target price on shares of B2Gold from C$8.50 to C$7.00 in a report on Tuesday, January 14th. Finally, TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, B2Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$5.91.

B2Gold Stock Performance

Shares of B2Gold stock traded up C$0.12 during trading hours on Friday, hitting C$4.08. 3,720,286 shares of the company’s stock traded hands, compared to its average volume of 3,196,395. The stock has a market capitalization of C$3.77 billion, a price-to-earnings ratio of -4.70, a PEG ratio of -0.27 and a beta of 1.23. The company has a fifty day simple moving average of C$3.59 and a 200-day simple moving average of C$3.92. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.84.

Insider Activity at B2Gold

In other B2Gold news, Senior Officer Randall Chatwin bought 10,153 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is currently owned by company 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.