B2Gold (TSE:BTO) Stock Rating Upgraded by Cormark

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by research analysts at Cormark from a “market perform” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a C$6.25 target price on the stock, up from their previous target price of C$4.50. Cormark’s price objective suggests a potential upside of 56.25% from the company’s current price. Cormark also issued estimates for B2Gold’s Q1 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.21 EPS.

BTO has been the topic of several other reports. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets dropped their price objective on B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.91.

B2Gold Price Performance

Shares of TSE:BTO opened at C$4.00 on Friday. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The stock’s fifty day simple moving average is C$3.59 and its two-hundred day simple moving average is C$3.92. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$4.84. The stock has a market cap of C$3.70 billion, a PE ratio of -4.60, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

Insider Activity

In other news, Senior Officer Randall Chatwin acquired 10,153 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of C$3.51 per share, with a total value of C$35,637.03. 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.