B2Gold (TSE:BTO) Upgraded by ATB Cormark Capital Markets to “Outperform” Rating

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by equities researchers at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a C$11.00 price objective on the stock, up from their previous price objective of C$6.50. ATB Cormark Capital Markets’ price target indicates a potential upside of 56.03% from the stock’s current price.

Several other analysts have also recently issued reports on BTO. Scotia raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target on the stock in a research report on Monday. National Bank Financial dropped their price objective on shares of B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Finally, TD raised shares of B2Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from C$6.00 to C$8.50 in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$9.33.

B2Gold Price Performance

BTO traded up C$0.02 on Monday, hitting C$7.05. 3,504,408 shares of the company’s stock were exchanged, compared to its average volume of 6,164,595. B2Gold has a fifty-two week low of C$4.81 and a fifty-two week high of C$8.60. The company has a current ratio of 1.19, a quick ratio of 3.33 and a debt-to-equity ratio of 14.16. The firm has a 50-day moving average price of C$5.68 and a 200-day moving average price of C$6.43. The stock has a market cap of C$9.31 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of -0.27 and a beta of 1.74.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. The business had revenue of C$1.12 billion during the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. As a group, equities analysts anticipate that B2Gold will post 0.5596659 earnings per share for the current year.

Insider Transactions at B2Gold

In related news, insider Neil Reeder sold 8,482 shares of B2Gold stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$49,874.16. Following the completion of the transaction, the insider owned 10,067 shares in the company, valued at C$59,193.96. The trade was a 45.73% decrease in their ownership of the stock. Also, Director Michael Andrew Cinnamond sold 14,089 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$82,843.32. Following the transaction, the director owned 315,371 shares of the company’s stock, valued at C$1,854,381.48. This trade represents a 4.28% decrease in their position. Insiders have sold 227,252 shares of company stock valued at $1,401,375 over the last quarter. Insiders own 0.66% of the company’s stock.

B2Gold Company Profile

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.