B2Gold (TSE:BTO) Given New C$5.25 Price Target at Cormark

B2Gold (TSE:BTO) (NYSE:BTG) had its price target boosted by analysts at Cormark from C$4.25 to C$5.25 in a report released on Monday, BayStreet.CA reports. Cormark’s target price suggests a potential upside of 18.78% from the company’s current price.

Several other equities analysts also recently issued reports on BTO. Scotiabank downgraded B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. Cibc World Mkts upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Canaccord Genuity Group decreased their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, BMO Capital Markets decreased their price target on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$5.92.

B2Gold Stock Performance

B2Gold stock opened at C$4.42 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The stock has a fifty day moving average price of C$3.96 and a two-hundred day moving average price of C$3.77. B2Gold has a 52-week low of C$3.18 and a 52-week high of C$4.74. The firm has a market capitalization of C$5.79 billion, a P/E ratio of -27.63, a P/E/G ratio of -0.27 and a beta of 1.21.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The company had revenue of C$673.95 million for the quarter. As a group, analysts anticipate that B2Gold will post 0.6237337 EPS for the current fiscal year.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. 0.70% of the stock is currently owned by company insiders.

B2Gold Company Profile

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.