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.
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.
Featured Story: Options Trading
Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.