B2Gold (TSE:BTO) Upgraded by TD to Buy Rating

Key Points

• TD upgraded B2Gold from “hold” to “buy” and raised its price target from C$6.00 to C$8.50, implying approximately 20.6% upside from the reported share price.
• Analyst sentiment is generally positive: B2Gold has four Buy ratings and one Hold rating, with a consensus rating of “Moderate Buy” and an average price target of C$9.33. National Bank Financial, however, reduced its target to C$9.75 while maintaining an “outperform” rating.
• B2Gold reported quarterly EPS of C$0.04 and revenue of C$1.12 billion. Meanwhile, insiders sold 227,252 shares worth approximately C$1.4 million over the past 90 days.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG was upgraded by equities research analysts at TD from a "hold" rating to a "buy" rating in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a C$8.50 price target on the stock, up from their prior price target of C$6.00. TD's target price would indicate a potential upside of 20.57% from the stock's current price.

Separately, National Bank Financial cut their target price on B2Gold from C$10.70 to C$9.75 and set an "outperform" rating for the company in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$9.33.

B2Gold Price Performance

Shares of B2Gold stock traded up C$0.02 on Monday, hitting C$7.05. 3,504,408 shares of the company were exchanged, compared to its average volume of 6,164,595. The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16. The company has a 50-day moving average price of C$5.68 and a 200 day moving average price of C$6.43. The stock has a market capitalization of C$9.31 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of -0.27 and a beta of 1.74. B2Gold has a 1-year low of C$4.81 and a 1-year high of C$8.60.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The firm had revenue of C$1.12 billion during the quarter. As a group, sell-side analysts predict that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

Insider Transactions at B2Gold

In other B2Gold news, insider Peter Dominic Montano sold 61,254 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$6.51, for a total value of C$398,763.54. Following the completion of the transaction, the insider owned 456 shares of the company's stock, valued at C$2,968.56. This trade represents a 99.26% decrease in their position. Also, Director Michael Andrew Cinnamond sold 14,089 shares of B2Gold stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the completion of the transaction, the director owned 315,371 shares in the company, valued at approximately C$1,854,381.48. This represents a 4.28% decrease in their ownership of the stock. In the last 90 days, insiders sold 227,252 shares of company stock worth $1,401,375. 0.66% of the stock is owned by company insiders.

About B2Gold

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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