B2Gold (TSE:BTO) Stock Gets Price Target Boost from National Bank Financial

B2Gold (TSE:BTO) (NYSE:BTG) had its target price increased by stock analysts at National Bank Financial from C$10.25 to C$11.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 37.50% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. TD upgraded shares of B2Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from C$6.00 to C$8.50 in a research report on Monday, August 10th. Scotia upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target on the stock in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded shares of B2Gold from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. TD Securities raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Scotiabank upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$10.20.

B2Gold Price Performance

BTO stock traded up C$0.37 during midday trading on Monday, hitting C$8.00. The company’s stock had a trading volume of 3,581,792 shares, compared to its average volume of 5,587,566. B2Gold has a 12 month low of C$5.02 and a 12 month high of C$8.60. The company has a quick ratio of 3.33, a current ratio of 1.77 and a debt-to-equity ratio of 12.50. The firm has a market capitalization of C$10.54 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of -0.27 and a beta of 2.13. The company has a 50 day moving average of C$7.33 and a two-hundred day moving average of C$6.72.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$1.19 billion during the quarter. B2Gold had a net margin of 31.07% and a return on equity of 30.40%. On average, analysts expect that B2Gold will post 0.56 EPS for the current year.

Insider Transactions at B2Gold

In other news, Director Jerry Korpan sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of C$7.06, for a total transaction of C$1,412,000.00. Following the sale, the director directly owned 2,280,000 shares of the company’s stock, valued at C$16,096,800. This represents a 8.06% decrease in their position. 0.66% of the stock is currently owned by insiders.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.