B2Gold (TSE:BTO) Price Target Cut to C$7.00 by Analysts at Eight Capital

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective dropped by research analysts at Eight Capital from C$7.25 to C$7.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s price target suggests a potential upside of 103.49% from the stock’s current price.

A number of other research firms have also commented on BTO. CIBC lowered their price objective on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Canaccord Genuity Group lowered their price objective on B2Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a research note on Thursday, January 25th. BMO Capital Markets decreased their price target on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Scotiabank decreased their price target on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Finally, National Bankshares decreased their price target on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$6.07.

B2Gold Price Performance

B2Gold stock traded down C$0.15 during mid-day trading on Monday, reaching C$3.44. 3,072,972 shares of the company were exchanged, compared to its average volume of 3,690,832. The company has a fifty day simple moving average of C$3.54 and a 200-day simple moving average of C$3.95. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$5.74. The company has a debt-to-equity ratio of 4.91, a current ratio of 2.27 and a quick ratio of 3.33. The firm has a market cap of C$4.47 billion, a PE ratio of 345.00, a PEG ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). B2Gold had a return on equity of 1.18% and a net margin of 0.52%. The company had revenue of C$697.07 million for the quarter. As a group, equities research analysts expect that B2Gold will post 0.3116987 earnings per share for the current fiscal year.

Insider Activity at B2Gold

In related news, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total transaction of C$343,320.00. In other B2Gold news, Senior Officer Eduard Bartz sold 12,510 shares of B2Gold stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$3.93, for a total transaction of C$49,164.30. Also, Director Clive Thomas Johnson sold 91,552 shares of B2Gold stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. Insiders have sold a total of 205,857 shares of company stock valued at $789,779 in the last 90 days. 0.83% of the stock is owned by corporate 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.