B2Gold (TSE:BTO) (NYSE:BTG) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$5.56.
BTO has been the topic of a number of recent analyst reports. Scotiabank set a C$5.00 price target on shares of B2Gold and gave the company an “outperform” rating in a research report on Friday, February 23rd. Eight Capital lifted their target price on shares of B2Gold from C$4.75 to C$5.40 in a research report on Thursday, April 12th. Canaccord Genuity lifted their target price on shares of B2Gold from C$6.50 to C$7.00 in a research report on Monday, April 23rd. Raymond James reiterated an “outperform” rating and set a C$5.00 target price on shares of B2Gold in a research report on Tuesday, April 24th. Finally, Royal Bank of Canada dropped their target price on shares of B2Gold from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, May 22nd.
In related news, Director Robert Gayton sold 100,000 shares of B2Gold stock in a transaction on Monday, May 14th. The shares were sold at an average price of C$3.64, for a total value of C$364,000.00. Also, insider Brian Scott sold 75,000 shares of B2Gold stock in a transaction on Monday, May 14th. The stock was sold at an average price of C$3.64, for a total transaction of C$273,000.00.
Shares of B2Gold stock traded up C$0.02 during trading hours on Tuesday, reaching C$3.39. The company’s stock had a trading volume of 1,128,616 shares, compared to its average volume of 2,578,525. B2Gold has a one year low of C$3.01 and a one year high of C$4.06.
B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Wednesday, May 9th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.01). B2Gold had a net margin of 8.04% and a return on equity of 3.05%. The firm had revenue of C$435.22 million for the quarter, compared to the consensus estimate of C$399.66 million.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
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