B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) had its target price increased by investment analysts at Cormark from C$4.25 to C$5.25 in a research note issued to investors on Monday, BayStreet.CA reports. Cormark’s price target indicates a potential upside of 17.98% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Canaccord Genuity Group lowered their target price on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets lowered their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. CIBC set a C$3.30 target price on shares of B2Gold and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Cibc World Mkts upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$5.92.
Get Our Latest Analysis on BTO
B2Gold Trading Down 2.0 %
B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The business had revenue of C$673.95 million during the quarter. On average, sell-side analysts predict that B2Gold will post 0.6237337 EPS for the current year.
Insider Activity
In other news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. 0.70% of the stock is currently owned by 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.
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