BMO Capital Markets Lowers B2Gold (TSE:BTO) Price Target to C$7.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price reduced by equities research analysts at BMO Capital Markets from C$8.50 to C$7.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 99.43% from the company’s current price.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price objective on B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday. Cormark increased their price target on B2Gold from C$4.25 to C$5.25 in a research note on Monday, September 23rd. Finally, Cibc World Mkts cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$5.79.

B2Gold Trading Down 2.5 %

Shares of BTO stock opened at C$3.51 on Tuesday. The firm’s 50 day moving average price is C$3.79 and its two-hundred day moving average price is C$3.98. The stock has a market cap of C$4.60 billion, a price-to-earnings ratio of -20.65, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$4.84. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05.

Insider Activity

In other news, Senior Officer Randall Chatwin bought 10,153 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, for a total transaction of C$35,637.03. 0.66% of the stock is currently owned by company insiders.

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.