B2Gold (TSE:BTO) Given New C$7.50 Price Target at Canaccord Genuity Group

B2Gold (TSE:BTO) (NYSE:BTG) had its price target upped by equities research analysts at Canaccord Genuity Group from C$7.25 to C$7.50 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 114.29% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. CIBC dropped their target price on shares of B2Gold from C$3.60 to C$3.40 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Scotiabank dropped their price objective on shares of B2Gold from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research note on Monday, March 18th. BMO Capital Markets dropped their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. National Bankshares dropped their price objective on shares of B2Gold from C$5.50 to C$5.25 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus cut their target price on shares of B2Gold from C$6.50 to C$6.00 in a research note on Friday. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$6.10.

B2Gold Stock Performance

Shares of BTO traded up C$0.05 during mid-day trading on Tuesday, hitting C$3.50. 2,070,212 shares of the company’s stock were exchanged, compared to its average volume of 3,695,511. B2Gold has a fifty-two week low of C$3.18 and a fifty-two week high of C$5.74. The firm has a market capitalization of C$4.55 billion, a P/E ratio of 349.00, a P/E/G ratio of -0.27 and a beta of 1.13. The business’s 50 day moving average is C$3.54 and its two-hundred day moving average is C$3.95. The company has a current ratio of 2.27, a quick ratio of 3.33 and a debt-to-equity ratio of 4.91.

B2Gold (TSE:BTO) (NYSE:BTG) last announced 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 net margin of 0.52% and a return on equity of 1.18%. The firm had revenue of C$697.07 million during the quarter. On average, equities analysts expect that B2Gold will post 0.3116987 earnings per share for the current year.

Insider Activity at B2Gold

In related news, Director Clive Thomas Johnson sold 91,552 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$343,320.00. In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. Also, Director Clive Thomas Johnson sold 91,552 shares of the firm’s stock in a transaction dated 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 the last 90 days, insiders sold 205,857 shares of company stock worth $789,779. 0.83% of the stock is owned by corporate insiders.

About B2Gold

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.