B2Gold (TSE:BTO – Get Rating) (NYSE:BTG) had its price target raised by stock analysts at Canaccord Genuity Group from C$8.00 to C$9.00 in a report issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 57.07% from the company’s previous close.
BTO has been the topic of a number of other reports. Haywood Securities cut their price objective on shares of B2Gold from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Thursday, January 20th. Cormark lifted their price objective on shares of B2Gold from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Thursday, March 24th. BMO Capital Markets restated a “buy” rating and set a C$7.00 price objective on shares of B2Gold in a research note on Thursday, February 24th. Raymond James restated an “outperform” rating and set a C$6.50 price objective on shares of B2Gold in a research note on Tuesday, January 11th. Finally, TD Securities lowered their target price on B2Gold from C$9.50 to C$9.00 in a report on Wednesday, January 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$7.64.
BTO stock traded down C$0.15 during mid-day trading on Friday, reaching C$5.73. The company had a trading volume of 1,362,064 shares, compared to its average volume of 3,944,019. The company has a quick ratio of 3.19, a current ratio of 4.53 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of C$6.06 billion and a P/E ratio of 11.41. B2Gold has a one year low of C$4.21 and a one year high of C$6.50. The stock’s 50-day simple moving average is C$5.64 and its two-hundred day simple moving average is C$5.17.
In related news, Senior Officer Roger Richer purchased 58,979 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were purchased at an average price of C$5.78 per share, with a total value of C$340,898.62. Following the purchase, the insider now owns 408,981 shares of the company’s stock, valued at approximately C$2,363,910.18. Also, Senior Officer Ian Maclean sold 6,941 shares of B2Gold stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of C$5.58, for a total value of C$38,730.78. Following the transaction, the insider now directly owns 505,051 shares in the company, valued at approximately C$2,818,184.58. Insiders sold a total of 493,660 shares of company stock worth $2,865,624 in the last three months.
B2Gold Company Profile (Get Rating)
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.
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