B2Gold (TSE:BTO) Given New C$10.00 Price Target at National Bank Financial

Key Points

• National Bank Financial cut its price target on B2Gold to C$10.00 (from C$10.25) but kept an "outperform" rating, implying roughly a 46.2% upside from the stock's prior close.
• Company insiders have been net sellers, disposing of 583,159 shares worth C$4.82M over the past 90 days (including large sales by Randall Chatwin and William Lytle), leaving insiders with just 0.66% ownership.
• B2Gold shares traded at C$6.84 (+0.9%) with a market cap of C$9.15B; the company reported C$0.15 EPS on C$1.41B revenue for the quarter and analysts expect about C$0.56 EPS for the current year.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG had its price target reduced by stock analysts at National Bank Financial from C$10.25 to C$10.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price target indicates a potential upside of 46.20% from the stock's previous close.

B2Gold Stock Up 0.9%

Shares of TSE BTO traded up C$0.06 during mid-day trading on Friday, reaching C$6.84. 3,196,488 shares of the company were exchanged, compared to its average volume of 7,375,032. The company has a quick ratio of 3.33, a current ratio of 1.06 and a debt-to-equity ratio of 17.54. The stock has a market cap of C$9.15 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of -0.27 and a beta of 1.60. B2Gold has a 1 year low of C$4.00 and a 1 year high of C$8.60. The firm has a 50-day moving average of C$6.92 and a 200 day moving average of C$6.68.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share for the quarter. The firm had revenue of C$1.41 billion during the quarter. B2Gold had a return on equity of 12.15% and a net margin of 13.18%. On average, research analysts expect that B2Gold will post 0.5596659 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Randall Chatwin sold 20,000 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of C$7.25, for a total transaction of C$145,000.00. Following the completion of the sale, the insider directly owned 6,199 shares in the company, valued at C$44,942.75. This represents a 76.34% decrease in their position. Also, insider William Lytle sold 272,373 shares of the company's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the sale, the insider owned 38,975 shares of the company's stock, valued at C$324,272. This trade represents a 87.48% decrease in their ownership of the stock. Insiders have sold a total of 583,159 shares of company stock valued at $4,821,759 over the last 90 days. 0.66% of the stock is currently owned by company insiders.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.

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