National Bank Financial Has Lowered Expectations for B2Gold (TSE:BTO) Stock Price

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective cut by investment analysts at National Bank Financial from C$10.25 to C$10.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 45.77% from the company’s current price.

B2Gold Trading Up 1.2%

Shares of TSE:BTO opened at C$6.86 on Friday. The company has a market capitalization of C$9.17 billion, a P/E ratio of 24.50, a P/E/G ratio of -0.27 and a beta of 1.60. B2Gold has a 1 year low of C$4.00 and a 1 year high of C$8.60. The company has a debt-to-equity ratio of 17.54, a current ratio of 1.06 and a quick ratio of 3.33. The business’s 50 day simple moving average is C$6.92 and its 200 day simple moving average is C$6.68.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. The business had revenue of C$1.41 billion for the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%. On average, research analysts anticipate that B2Gold will post 0.5596659 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Randall Chatwin sold 20,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the sale, the insider owned 6,199 shares of the company’s stock, valued at C$44,942.75. This represents a 76.34% decrease in their ownership of the stock. Also, insider William Lytle sold 272,373 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the sale, the insider directly owned 38,975 shares in the company, valued at C$324,272. This represents a 87.48% decrease in their position. Insiders have sold 583,159 shares of company stock worth $4,821,759 in the last three months. 0.66% of the stock is currently owned by company insiders.

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. There is no dependence on a particular purchaser because the gold is sold into a global market.