B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) had its price objective boosted by research analysts at Cormark from C$4.25 to C$5.25 in a note issued to investors on Monday, BayStreet.CA reports. Cormark’s price target indicates a potential upside of 18.78% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. CIBC set a C$3.30 price objective on shares of B2Gold and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Canaccord Genuity Group reduced their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Scotiabank downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Cibc World Mkts raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, BMO Capital Markets cut their price target on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$5.92.
Read Our Latest Report on B2Gold
B2Gold Stock Up 0.5 %
B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The company had revenue of C$673.95 million during the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. As a group, equities analysts expect that B2Gold will post 0.6237337 earnings per share for the current year.
Insiders Place Their Bets
In other B2Gold news, Senior Officer Randall Chatwin sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$4.53, for a total transaction of C$45,300.00. Corporate insiders own 0.70% 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.
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