Stifel Nicolaus Lowers B2Gold (TSE:BTO) Price Target to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its price target cut by equities research analysts at Stifel Nicolaus from C$6.50 to C$6.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 67.13% from the company’s previous close.

Other analysts also recently issued research reports about the company. BMO Capital Markets dropped their price target on 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. Scotiabank dropped their target price on B2Gold from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a report on Monday, March 18th. National Bankshares dropped their target price on B2Gold from C$5.50 to C$5.25 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. Canaccord Genuity Group dropped their target price on B2Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a report on Thursday, January 25th. Finally, CIBC dropped their target price on B2Gold from C$3.60 to C$3.40 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$5.97.

B2Gold Stock Performance

BTO opened at C$3.59 on Friday. The business’s 50-day moving average price is C$3.54 and its two-hundred day moving average price is C$3.95. B2Gold has a 1 year low of C$3.18 and a 1 year high of C$5.74. The company has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 359.00, a P/E/G ratio of -0.27 and a beta of 1.13. The company has a debt-to-equity ratio of 4.91, a current ratio of 2.27 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). B2Gold had a net margin of 0.52% and a return on equity of 1.18%. The firm had revenue of C$697.07 million during the quarter. Equities analysts expect that B2Gold will post 0.3116987 EPS for the current fiscal year.

Insiders Place Their Bets

In other B2Gold news, Senior Officer Neil Reeder sold 15,279 shares of the business’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 transaction of C$57,296.25. In other 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. Also, Senior Officer Eduard Bartz sold 12,510 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$3.93, for a total value of C$49,164.30. Insiders have sold a total of 205,857 shares of company stock valued at $789,779 over the last 90 days. 0.83% of the stock is currently owned by 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.