TD Securities Increases B2Gold (BTO) Price Target to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its price target raised by investment analysts at TD Securities from C$5.50 to C$6.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 55.04% from the stock’s previous close.

Several other analysts also recently issued reports on BTO. Cormark decreased their price objective on shares of B2Gold from C$6.00 to C$5.75 in a research note on Tuesday, December 4th. Eight Capital decreased their price objective on shares of B2Gold from C$5.40 to C$5.00 in a research note on Monday, January 7th. National Bank Financial decreased their price objective on shares of B2Gold from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research note on Thursday, January 17th. BMO Capital Markets reissued an “outperform” rating and issued a C$5.00 price objective on shares of B2Gold in a research note on Thursday, January 17th. Finally, Raymond James reissued an “outperform” rating and issued a C$4.50 price objective on shares of B2Gold in a research note on Thursday. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of C$5.36.

Shares of TSE:BTO opened at C$3.87 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.27 and a debt-to-equity ratio of 44.21. The stock has a market capitalization of $3.85 billion and a P/E ratio of 37.94. B2Gold has a 12 month low of C$2.77 and a 12 month high of C$4.40.

In other B2Gold news, Senior Officer Dale Alton Craig sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of C$3.75, for a total value of C$93,750.00. Following the completion of the sale, the insider now owns 17,189 shares of the company’s stock, valued at C$64,458.75. Also, insider Eduard Bartz sold 125,000 shares of B2Gold stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of C$3.99, for a total transaction of C$498,250.00. Following the sale, the insider now directly owns 8,162 shares of the company’s stock, valued at approximately C$32,533.73. In the last three months, insiders sold 300,000 shares of company stock valued at $1,168,000.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in 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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