National Bank Financial Boosts B2Gold (TSE:BTO) Price Target to C$7.50

B2Gold (TSE:BTO) (NYSE:BTG) had its price target boosted by National Bank Financial from C$7.00 to C$7.50 in a research report report published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for B2Gold’s FY2019 earnings at $0.33 EPS and FY2020 earnings at $0.55 EPS.

Several other research firms have also recently weighed in on BTO. Pi Financial boosted their price target on shares of B2Gold from C$5.10 to C$5.50 in a report on Wednesday, July 24th. Eight Capital boosted their price target on shares of B2Gold from C$5.15 to C$6.50 in a report on Thursday, August 8th. BMO Capital Markets boosted their price target on shares of B2Gold from C$5.50 to C$6.00 in a report on Thursday, August 8th. Bank of America boosted their target price on shares of B2Gold from C$5.10 to C$5.50 in a research note on Friday, August 16th. Finally, Royal Bank of Canada boosted their target price on shares of B2Gold from C$4.25 to C$4.75 in a research note on Wednesday, June 26th. Six research analysts have rated the stock with a buy rating, B2Gold currently has a consensus rating of Buy and an average price target of C$5.85.

TSE:BTO opened at C$4.53 on Monday. The company has a debt-to-equity ratio of 25.39, a current ratio of 2.17 and a quick ratio of 0.62. The firm has a 50-day moving average of C$4.41 and a 200-day moving average of C$3.95. The company has a market cap of $4.79 billion and a PE ratio of 411.82. B2Gold has a one year low of C$2.82 and a one year high of C$5.36.

In related news, Senior Officer Thomas Garagan sold 290,900 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$4.85, for a total transaction of C$1,410,865.00. Following the sale, the insider now owns 2,886,924 shares of the company’s stock, valued at approximately C$14,001,581.40. Also, Senior Officer Hugh Mackinnon sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of C$4.03, for a total transaction of C$60,450.00. Following the sale, the insider now directly owns 322,654 shares in the company, valued at approximately C$1,300,295.62. Insiders have sold a total of 569,449 shares of company stock worth $2,717,322 in the last ninety days.

B2Gold Company Profile

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Analyst Recommendations for B2Gold (TSE:BTO)

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