B2Gold Corp. (BTO) Receives Average Recommendation of “Buy” from Brokerages

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Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have earned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$5.36.

Several equities research analysts recently weighed in on BTO shares. Cormark reduced their price target on shares of B2Gold from C$6.00 to C$5.75 in a research report on Tuesday, December 4th. Eight Capital reduced their price target on shares of B2Gold from C$5.40 to C$5.00 in a research report on Monday, January 7th. National Bank Financial reduced their price target on shares of B2Gold from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, January 17th. BMO Capital Markets reissued an “outperform” rating and set a C$5.00 price target on shares of B2Gold in a research report on Thursday, January 17th. Finally, Raymond James reaffirmed an “outperform” rating and issued a C$4.50 target price on shares of B2Gold in a research report on Thursday.

Shares of BTO remained flat at $C$3.87 on Friday. 4,876,908 shares of the company traded hands, compared to its average volume of 3,470,129. The company has a market capitalization of $3.85 billion and a P/E ratio of 37.94. 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 12 month low of C$2.77 and a 12 month high of C$4.40.

In other news, Senior Officer Dale Alton Craig sold 25,000 shares of B2Gold stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of C$3.75, for a total transaction of C$93,750.00. Following the transaction, the insider now owns 17,189 shares in the company, valued at approximately C$64,458.75. Also, insider Eduard Bartz sold 125,000 shares of B2Gold stock in a transaction on Friday, December 28th. The stock was sold at an average price of C$3.99, for a total transaction of C$498,250.00. Following the transaction, the insider now owns 8,162 shares in the company, valued at approximately C$32,533.73. In the last ninety days, insiders sold 300,000 shares of company stock valued at $1,168,000.

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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