BMO Capital Markets Issues Pessimistic Forecast for B2Gold (TSE:BTO) Stock Price

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective lowered by BMO Capital Markets from C$7.00 to C$6.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 58.92% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. TD Securities downgraded B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. Finally, Cormark raised B2Gold from a “market perform” rating to a “buy” rating and boosted their price target for the company from C$4.50 to C$6.25 in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, B2Gold has a consensus rating of “Hold” and an average price target of C$5.94.

B2Gold Stock Down 1.4 %

B2Gold stock traded down C$0.06 during mid-day trading on Monday, hitting C$4.09. The company had a trading volume of 2,396,194 shares, compared to its average volume of 3,784,214. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$4.84. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. The stock’s 50 day moving average price is C$3.89 and its two-hundred day moving average price is C$3.99. The company has a market capitalization of C$3.78 billion, a PE ratio of -4.71, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

Insiders Place Their Bets

In related news, Senior Officer Eduard Bartz sold 27,862 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$3.89, for a total transaction of C$108,383.18. Following the completion of the transaction, the insider now owns 16 shares in the company, valued at C$62.24. The trade was a 99.94 % decrease in their position. Also, Senior Officer William Lytle sold 54,062 shares of the business’s stock in a transaction 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. Insiders sold 168,420 shares of company stock valued at $649,531 over the last three months. 0.66% of the stock is owned by company insiders.

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.