B2Gold (TSE:BTO) Upgraded by Scotia to Sector Outperform Rating

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by analysts at Scotia from a “sector perform” rating to a “sector outperform” rating in a report issued on Monday,BayStreet.CA reports. The firm currently has a C$10.00 target price on the stock. Scotia’s price objective would suggest a potential upside of 41.84% from the company’s previous close.

Several other equities analysts also recently commented on BTO. TD raised B2Gold from a “hold” rating to a “buy” rating and upped their target price for the company from C$6.00 to C$8.50 in a research report on Monday. National Bank Financial dropped their price target on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.33.

B2Gold Stock Performance

Shares of TSE BTO traded up C$0.02 during mid-day trading on Monday, reaching C$7.05. 3,504,408 shares of the company were exchanged, compared to its average volume of 6,164,595. The company’s 50-day simple moving average is C$5.68 and its 200-day simple moving average is C$6.43. The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16. The stock has a market capitalization of C$9.31 billion, a P/E ratio of 18.55, a P/E/G ratio of -0.27 and a beta of 1.74. B2Gold has a twelve month low of C$4.81 and a twelve month high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$1.12 billion for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. As a group, research analysts predict that B2Gold will post 0.5596659 earnings per share for the current year.

Insider Buying and Selling at B2Gold

In other B2Gold news, insider Randall Chatwin sold 22,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of C$5.70, for a total transaction of C$125,400.00. Following the transaction, the insider owned 119,989 shares in the company, valued at C$683,937.30. This trade represents a 15.49% decrease in their position. Also, insider Ninette Krohnert sold 4,700 shares of the firm’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total value of C$27,636.00. Following the transaction, the insider owned 62,557 shares in the company, valued at approximately C$367,835.16. This trade represents a 6.99% decrease in their position. Insiders have sold a total of 227,252 shares of company stock valued at $1,401,375 over the last ninety days. 0.66% of the stock is owned by corporate insiders.

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.