B2Gold (TSE:BTO) Given New C$7.50 Price Target at Stifel Nicolaus

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG had its target price boosted by equities research analysts at Stifel Nicolaus from C$6.50 to C$7.50 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus' price objective points to a potential upside of 75.64% from the company's previous close.

Several other equities analysts have also recently weighed in on BTO. TD Securities cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Cormark downgraded B2Gold from a "moderate buy" rating to a "hold" rating in a research report on Monday, March 31st. BMO Capital Markets dropped their price target on shares of B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Scotiabank raised B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Bank of America downgraded shares of B2Gold from a "buy" rating to an "underperform" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, B2Gold has an average rating of "Moderate Buy" and a consensus price target of C$5.93.

B2Gold Stock Performance

Shares of BTO stock traded down C$0.09 during trading hours on Monday, reaching C$4.27. 2,034,329 shares of the company traded hands, compared to its average volume of 3,921,251. The company has a market cap of C$3.95 billion, a P/E ratio of -4.92, a P/E/G ratio of -0.27 and a beta of 1.23. B2Gold has a 12-month low of C$3.16 and a 12-month high of C$4.88. The firm has a 50-day moving average price of C$4.21 and a 200 day moving average price of C$4.00. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

Insiders Place Their Bets

In other news, Director Jerry Korpan sold 120,000 shares of B2Gold stock in a transaction on Monday, April 14th. The stock was sold at an average price of C$4.63, for a total transaction of C$555,600.00. Also, Director Gregory Barnes bought 50,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Over the last 90 days, insiders have sold 535,145 shares of company stock worth $2,191,177. 0.66% of the stock is owned by corporate insiders.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.