BMO Capital Markets Cuts B2Gold (TSE:BTO) Price Target to C$6.50

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective dropped by equities researchers at BMO Capital Markets from C$7.00 to C$6.50 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 56.25% from the stock’s previous close.

Other analysts have also issued research reports about the company. Bank of America lowered B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Cormark raised shares of B2Gold from a “market perform” rating to a “buy” rating and upped their price objective for the company from C$4.50 to C$6.25 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$5.94.

B2Gold Trading Up 1.7 %

Shares of BTO opened at C$4.16 on Monday. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The firm has a market cap of C$3.85 billion, a price-to-earnings ratio of -4.79, a PEG ratio of -0.27 and a beta of 1.23. The firm has a 50 day moving average price of C$3.91 and a 200-day moving average price of C$3.99. B2Gold has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84.

Insider Buying and Selling

In related news, Senior Officer William Lytle sold 54,062 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total transaction of C$208,138.70. Also, Director Clive Thomas Johnson sold 86,496 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$333,009.60. Insiders have sold 168,420 shares of company stock valued at $649,531 over the last quarter. Corporate insiders own 0.66% of the company’s stock.

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.