Stifel Nicolaus Increases B2Gold (TSE:BTO) Price Target to C$6.50

B2Gold (TSE:BTO) (NYSE:BTG) had its target price boosted by investment analysts at Stifel Nicolaus from C$6.00 to C$6.50 in a research note issued to investors on Monday, BayStreet.CA reports.

Several other analysts have also weighed in on BTO. BMO Capital Markets dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Cormark raised their price target on shares of B2Gold from C$4.25 to C$5.25 in a report on Monday, September 23rd. Canaccord Genuity Group lowered their price target on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, B2Gold has a consensus rating of “Moderate Buy” and an average target price of C$5.93.

B2Gold Stock Performance

The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average of C$4.07 and a 200-day moving average of C$3.88. B2Gold has a one year low of C$3.18 and a one year high of C$4.84. The company has a market capitalization of C$6.26 billion, a PE ratio of -27.53, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$673.95 million for the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. Research analysts forecast that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Ninette Krohnert sold 16,175 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. In other news, Senior Officer Michael Stephen Mcdonald sold 56,274 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total value of C$250,982.04. Also, Senior Officer Ninette Krohnert sold 16,175 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of C$4.11, for a total transaction of C$66,479.25. In the last ninety days, insiders sold 87,449 shares of company stock valued at $384,111. Company insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.