National Bank Financial Issues Positive Forecast for B2Gold (TSE:BTO) Stock Price

Key Points

• National Bank Financial raised its B2Gold price target from C$10.25 to C$11.00 and maintained an “outperform” rating, implying 37.5% upside from the share price cited.
• Analyst sentiment is broadly positive: B2Gold has an average “Buy” rating and a consensus price target of C$10.20, following several recent rating upgrades.
• B2Gold reported quarterly EPS of C$0.20 and revenue of C$1.19 billion. Its shares rose C$0.37 to C$8.00 in Monday midday trading.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG had its price objective raised by research analysts at National Bank Financial from C$10.25 to C$11.00 in a report issued on Monday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's target price indicates a potential upside of 37.50% from the stock's current price.

Other analysts have also recently issued research reports about the company. TD Securities upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating and raised their price objective for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, TD upgraded B2Gold from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$6.00 to C$8.50 in a research note on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, B2Gold presently has an average rating of "Buy" and a consensus target price of C$10.20.

B2Gold Stock Performance

Shares of TSE:BTO traded up C$0.37 during midday trading on Monday, hitting C$8.00. The company had a trading volume of 3,581,792 shares, compared to its average volume of 5,587,566. The company has a debt-to-equity ratio of 12.50, a current ratio of 1.77 and a quick ratio of 3.33. The company has a market cap of C$10.54 billion, a price-to-earnings ratio of 9.76, a PEG ratio of -0.27 and a beta of 2.13. B2Gold has a 12-month low of C$5.02 and a 12-month high of C$8.60. The company has a fifty day moving average of C$7.33 and a two-hundred day moving average of C$6.72.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its earnings results on Wednesday, November 4th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$1.19 billion for the quarter. B2Gold had a return on equity of 30.40% and a net margin of 31.07%. On average, equities research analysts expect that B2Gold will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jerry Korpan sold 200,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$7.06, for a total value of C$1,412,000.00. Following the completion of the transaction, the director owned 2,280,000 shares of the company's stock, valued at approximately C$16,096,800. This represents a 8.06% decrease in their position. Corporate insiders own 0.66% of the company's stock.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

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