B2Gold (TSE:BTO) Stock Price Expected to Rise, National Bank Financial Analyst Says

B2Gold (TSE:BTO) (NYSE:BTG) had its price target boosted by equities researchers at National Bank Financial from C$10.00 to C$10.70 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 45.18% from the company’s current price.

B2Gold Stock Performance

Shares of BTO stock traded up C$0.01 during trading hours on Tuesday, hitting C$7.37. The stock had a trading volume of 3,592,465 shares, compared to its average volume of 7,124,701. The firm has a market capitalization of C$9.82 billion, a PE ratio of 19.39, a PEG ratio of -0.27 and a beta of 1.59. B2Gold has a twelve month low of C$4.00 and a twelve month high of C$8.60. The stock’s 50 day moving average is C$6.61 and its 200 day moving average is C$6.58. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 earnings per share for the quarter. The business had revenue of C$1.61 billion during the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%. As a group, research analysts forecast that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider William Lytle sold 272,373 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the completion of the sale, the insider directly owned 38,975 shares of the company’s stock, valued at C$324,272. This trade represents a 87.48% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 20,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total value of C$145,000.00. Following the sale, the insider directly owned 6,199 shares of the company’s stock, valued at approximately C$44,942.75. This represents a 76.34% decrease in their ownership of the stock. Insiders sold a total of 606,145 shares of company stock valued at $4,985,208 over 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.