B2Gold (TSE:BTO) Price Target Cut to C$7.00 by Analysts at Canaccord Genuity Group

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG had its target price lowered by equities research analysts at Canaccord Genuity Group from C$7.50 to C$7.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 77.66% from the company's previous close.

A number of other equities analysts also recently weighed in on the stock. National Bankshares lowered their target price on shares of B2Gold from C$5.50 to C$5.25 and set an "outperform" rating for the company in a research note on Tuesday, February 27th. Scotiabank decreased their target price on B2Gold from C$5.50 to C$5.00 in a research note on Thursday, May 9th. CIBC lowered their target price on B2Gold from C$3.60 to C$3.40 and set an "outperform" rating for the company in a report on Wednesday, February 7th. Eight Capital cut their price target on B2Gold from C$7.25 to C$7.00 and set a "buy" rating on the stock in a report on Monday, April 22nd. Finally, BMO Capital Markets cut their target price on shares of B2Gold from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 19th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, B2Gold presently has an average rating of "Buy" and a consensus price target of C$6.00.

B2Gold Price Performance

TSE:BTO traded up C$0.12 during trading hours on Friday, hitting C$3.94. The company's stock had a trading volume of 3,395,731 shares, compared to its average volume of 3,633,325. B2Gold has a twelve month low of C$3.18 and a twelve month high of C$5.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.99 and a quick ratio of 3.33. The stock has a fifty day simple moving average of C$3.62 and a 200-day simple moving average of C$3.85. The company has a market capitalization of C$5.12 billion, a P/E ratio of -65.67, a PEG ratio of -0.27 and a beta of 1.13.

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 EPS for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.01). B2Gold had a negative net margin of 1.88% and a negative return on equity of 0.33%. The firm had revenue of C$697.07 million during the quarter. On average, analysts anticipate that B2Gold will post 0.3632887 EPS for the current fiscal year.

Insider Transactions at B2Gold

In related news, Senior Officer Neil Reeder sold 15,279 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$57,296.25. In related news, Director Clive Thomas Johnson sold 91,552 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$3.75, for a total value of C$343,320.00. Also, Senior Officer Neil Reeder sold 15,279 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of C$3.75, for a total value of C$57,296.25. Insiders have sold 205,874 shares of company stock worth $789,843 in the last 90 days. Insiders own 0.62% of the company's stock.

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.