B2Gold (TSE:BTO) Price Target Raised to C$5.50

B2Gold (TSE:BTO) (NYSE:BTG) had its target price hoisted by Bank of America from C$5.10 to C$5.50 in a report issued on Friday morning, BayStreet.CA reports.

Several other research analysts have also issued reports on the stock. Eight Capital raised their price target on shares of B2Gold from C$5.15 to C$6.50 in a report on Thursday, August 8th. Royal Bank of Canada raised their price target on shares of B2Gold from C$4.25 to C$4.75 in a report on Wednesday, June 26th. National Bank Financial raised their price target on shares of B2Gold from C$6.75 to C$7.00 and gave the stock an outperform rating in a report on Friday, June 28th. Raymond James reiterated an outperform rating and issued a C$4.50 price objective on shares of B2Gold in a research note on Wednesday, July 3rd. Finally, BMO Capital Markets lifted their price objective on shares of B2Gold from C$5.50 to C$6.00 in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of C$5.85.

B2Gold stock opened at C$4.62 on Friday. The company has a debt-to-equity ratio of 25.39, a quick ratio of 0.62 and a current ratio of 2.17. B2Gold has a 52-week low of C$2.82 and a 52-week high of C$5.36. The firm has a 50 day moving average price of C$4.36 and a two-hundred day moving average price of C$3.95. The firm has a market cap of $4.79 billion and a price-to-earnings ratio of 420.00.

In related news, Director Robert Gayton sold 40,000 shares of B2Gold stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$3.98, for a total value of C$159,200.00. Following the completion of the sale, the director now owns 279,000 shares of the company’s stock, valued at approximately C$1,110,420. Also, Senior Officer Thomas Garagan sold 34,100 shares of B2Gold stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$5.00, for a total transaction of C$170,500.00. Following the completion of the sale, the insider now directly owns 2,886,924 shares of the company’s stock, valued at approximately C$14,434,620. In the last three months, insiders sold 569,449 shares of company stock valued at $2,717,322.

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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