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

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B2Gold (TSE:BTO) (NYSE:BTG) had its target price upped by equities researchers at TD Securities from C$5.50 to C$6.00 in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 55.04% from the stock’s current price.

BTO has been the topic of several other reports. Raymond James reaffirmed an “outperform” rating and issued a C$4.50 price target on shares of B2Gold in a report on Thursday. National Bank Financial cut their price target on shares of B2Gold from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a report on Thursday, January 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$5.00 price target on shares of B2Gold in a report on Thursday, January 17th. Eight Capital cut their price target on shares of B2Gold from C$5.40 to C$5.00 in a report on Monday, January 7th. Finally, Cormark cut their price target on shares of B2Gold from C$6.00 to C$5.75 in a report on Tuesday, December 4th. Seven investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$5.36.

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

In other news, insider Eduard Bartz sold 125,000 shares of the business’s stock in a transaction 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 C$32,533.73. Also, Director Robert Melvin Douglas Cross sold 150,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of C$3.84, for a total transaction of C$576,000.00. Following the sale, the director now directly owns 81,660 shares in the company, valued at C$313,574.40. Insiders sold 300,000 shares of company stock worth $1,168,000 over the last ninety days.

B2Gold Company Profile

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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