B2Gold (BTO) Given New C$5.00 Price Target at Eight Capital

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B2Gold (TSE:BTO) (NYSE:BTG) had its price target cut by Eight Capital from C$5.40 to C$5.00 in a research note released on Monday morning.

A number of other analysts have also issued reports on the stock. Raymond James reiterated an outperform rating and set a C$4.50 price target on shares of B2Gold in a research note on Friday, October 26th. Cormark cut their price target on shares of B2Gold from C$6.00 to C$5.75 in a research note on Tuesday, December 4th. Pi Financial cut their price target on shares of B2Gold from C$5.25 to C$5.10 and set a buy rating on the stock in a research note on Friday, September 28th. Finally, Canaccord Genuity cut their target price on shares of B2Gold from C$6.50 to C$6.00 in a research note on Thursday, October 18th. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of C$5.29.

Shares of TSE:BTO opened at C$3.80 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.27 and a debt-to-equity ratio of 44.21. B2Gold has a 1 year low of C$2.77 and a 1 year high of C$4.06.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Tuesday, November 6th. The company reported C$0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.07. The business had revenue of C$423.25 million for the quarter, compared to analysts’ expectations of C$421.82 million. Equities research analysts forecast that B2Gold will post 0.16 earnings per share for the current year.

In related news, insider Roger Richer sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of C$3.47, for a total transaction of C$69,400.00. Also, Director Kevin Bullock sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of C$3.54, for a total transaction of C$265,500.00. Insiders have sold 195,000 shares of company stock worth $687,800 over the last 90 days.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Analyst Recommendations for B2Gold (TSE:BTO)

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