B2Gold (TSE:BTO) Given New C$10.00 Price Target at National Bank Financial
by Jessica Moore · The Cerbat GemB2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) had its price target decreased by investment analysts at National Bank Financial from C$10.25 to C$10.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 46.20% from the stock’s current price.
B2Gold Stock Up 0.9%
TSE:BTO traded up C$0.06 during mid-day trading on Friday, hitting C$6.84. 3,196,488 shares of the company’s stock traded hands, compared to its average volume of 7,375,032. The company has a fifty day moving average of C$6.92 and a 200 day moving average of C$6.68. B2Gold has a twelve month low of C$4.00 and a twelve month high of C$8.60. The company has a market capitalization of C$9.15 billion, a P/E ratio of 24.43, a P/E/G ratio of -0.27 and a beta of 1.60. The company has a debt-to-equity ratio of 17.54, a quick ratio of 3.33 and a current ratio of 1.06.
B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last announced its earnings results on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%.The company had revenue of C$1.41 billion for the quarter. On average, analysts forecast that B2Gold will post 0.5596659 EPS for the current year.
Insider Transactions at B2Gold
In other news, insider William Lytle sold 272,373 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the transaction, the insider directly owned 38,975 shares of the company’s stock, valued at approximately C$324,272. This represents a 87.48% decrease in their ownership of the stock. Also, insider Randall Chatwin sold 20,000 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of C$7.25, for a total value of C$145,000.00. Following the completion of the transaction, the insider directly owned 6,199 shares in the company, valued at C$44,942.75. This represents a 76.34% decrease in their ownership of the stock. Insiders sold 583,159 shares of company stock worth $4,821,759 over the last three months. Corporate insiders own 0.66% of the company’s stock.
B2Gold Company Profile
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.