TD Securities Upgrades B2Gold (TSE:BTO) to "Strong-Buy"

Key Points

• TD Securities upgraded B2Gold to “strong buy” from “hold” and raised its price target to C$8.50 from C$6.00. Other analysts also increased their ratings and targets, with the stock carrying an average “Buy” rating and a C$9.33 consensus target.
• B2Gold reported quarterly revenue of C$1.12 billion and earnings of C$0.04 per share, alongside a 21.20% net margin and 21.87% return on equity.
• The stock opened at C$7.04, up 0.1%, and has traded between C$4.81 and C$8.60 over the past year. Insiders sold 227,252 shares worth about C$1.4 million over the last 90 days.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG was upgraded by analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on BTO. TD raised B2Gold from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$6.00 to C$8.50 in a report on Monday. ATB Cormark Capital Markets raised shares of B2Gold from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$6.50 to C$11.00 in a report on Monday. Scotia upgraded shares of B2Gold from a "sector perform" rating to a "sector outperform" rating and set a C$10.00 price objective on the stock in a research report on Monday. National Bank Financial lowered their target price on shares of B2Gold from C$10.70 to C$9.75 and set an "outperform" rating on the stock in a report on Tuesday, July 14th. Finally, Scotiabank raised shares of B2Gold from a "hold" rating to a "strong-buy" rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, B2Gold has an average rating of "Buy" and an average target price of C$9.33.

B2Gold Stock Up 0.1%

BTO opened at C$7.04 on Monday. B2Gold has a fifty-two week low of C$4.81 and a fifty-two week high of C$8.60. The company has a debt-to-equity ratio of 11.48, a quick ratio of 3.33 and a current ratio of 1.58. The stock has a market cap of C$9.30 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of -0.27 and a beta of 1.74. The firm's fifty day moving average is C$5.69 and its 200 day moving average is C$6.43.

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 21.87% and a net margin of 21.20%.The business had revenue of C$1.12 billion for the quarter. On average, sell-side analysts forecast that B2Gold will post 0.5596659 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Dennis Stansbury sold 10,364 shares of the company's stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$60,940.32. Following the sale, the insider directly owned 939,034 shares in the company, valued at approximately C$5,521,519.92. This represents a 1.09% decrease in their position. Also, insider Randall Chatwin sold 67,857 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$6.33, for a total transaction of C$429,534.81. Following the sale, the insider owned 130,043 shares in the company, valued at C$823,172.19. This represents a 34.29% decrease in their ownership of the stock. Over the last ninety days, insiders sold 227,252 shares of company stock worth $1,401,375. 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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