B2Gold (TSE:BTO) (NYSE:BTG) had its target price increased by research analysts at Canaccord Genuity from C$6.25 to C$6.50 in a note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity’s price target would indicate a potential upside of 50.46% from the stock’s current price.
A number of other analysts have also issued reports on the company. National Bank Financial lowered Detour Gold to a “hold” rating in a research report on Friday, June 28th. Raymond James reissued a “hold” rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 215 ($2.81) target price on shares of in a research report on Wednesday, June 26th. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of C$5.51.
Shares of TSE BTO opened at C$4.32 on Friday. The stock has a market capitalization of $4.35 billion and a price-to-earnings ratio of -617.14. The company has a current ratio of 2.04, a quick ratio of 0.88 and a debt-to-equity ratio of 28.33. B2Gold has a 52-week low of C$2.77 and a 52-week high of C$4.45. The firm has a 50 day moving average price of C$3.90.
B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Tuesday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.05. The firm had revenue of C$401.08 million during the quarter, compared to analysts’ expectations of C$404.25 million. On average, analysts predict that B2Gold will post 0.24 EPS for the current fiscal year.
In other B2Gold news, Senior Officer Dale Alton Craig sold 11,857 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$3.56, for a total value of C$42,210.92. Following the completion of the transaction, the insider now owns 27,437 shares in the company, valued at C$97,675.72. Also, Senior Officer Hugh Mackinnon sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of C$4.03, for a total transaction of C$60,450.00. Following the completion of the transaction, the insider now owns 322,654 shares of the company’s stock, valued at approximately C$1,300,295.62. In the last 90 days, insiders sold 214,052 shares of company stock valued at $788,575.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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