B2Gold (TSE:BTO) Price Target Raised to C$11.50 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised the price target for B2Gold (TSE:BTO) from C$7.50 to C$11.50, indicating a potential upside of 44.29% from its current price.
• Insider trading activity revealed significant sales, with insiders selling 1,305,095 shares valued at approximately $9,529,870 in the last 90 days.
• B2Gold is an international low-cost gold mining company with operations in Mali, Namibia, and the Philippines, focusing on gold production as its primary revenue source.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG had its price target increased by equities researchers at Stifel Nicolaus from C$7.50 to C$11.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus' target price indicates a potential upside of 44.29% from the stock's current price.

A number of other brokerages also recently weighed in on BTO. Raymond James Financial raised shares of B2Gold to a "moderate buy" rating in a research note on Monday, June 30th. Bank of America boosted their target price on shares of B2Gold from C$5.35 to C$6.25 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$7.63.

B2Gold Price Performance

TSE:BTO traded up C$0.19 on Monday, reaching C$7.97. The stock had a trading volume of 3,857,850 shares, compared to its average volume of 3,952,789. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$8.35. The company has a market capitalization of C$10.54 billion, a P/E ratio of -22.77, a price-to-earnings-growth ratio of -0.27 and a beta of 0.82. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The stock has a fifty day moving average price of C$6.27 and a 200-day moving average price of C$5.21.

Insider Activity

In related news, insider Peter Dominic Montano sold 147,000 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$7.49, for a total transaction of C$1,101,030.00. Following the completion of the transaction, the insider owned -1,405 shares in the company, valued at approximately C($10,523.45). The trade was a 100.97% decrease in their ownership of the stock. Also, insider John Alex Rajala sold 142,857 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of C$7.50, for a total transaction of C$1,071,427.50. Following the transaction, the insider owned 238,342 shares of the company's stock, valued at approximately C$1,787,565. This represents a 37.48% decrease in their position. In the last 90 days, insiders have sold 1,305,095 shares of company stock valued at $9,529,870. 0.66% of the stock is currently owned by company insiders.

B2Gold Company Profile

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.

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