Stifel Nicolaus Forecasts Strong Price Appreciation for B2Gold (TSE:BTO) Stock

B2Gold (TSE:BTO) (NYSE:BTG) had its price target raised by investment analysts at Stifel Nicolaus from C$6.50 to C$7.50 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 61.99% from the company’s previous close.

BTO has been the subject of several other reports. Cormark downgraded shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, March 31st. BMO Capital Markets reduced their price objective on shares of B2Gold from C$7.00 to C$6.50 in a research report on Monday, March 31st. Scotiabank raised shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. TD Securities cut B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, B2Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$6.08.

B2Gold Trading Up 0.9 %

Shares of TSE BTO traded up C$0.04 during midday trading on Monday, reaching C$4.63. The company had a trading volume of 3,439,728 shares, compared to its average volume of 3,944,201. The firm’s fifty day moving average price is C$4.13 and its 200-day moving average price is C$3.99. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. B2Gold has a one year low of C$3.16 and a one year high of C$4.88. The stock has a market cap of C$4.28 billion, a PE ratio of -5.33, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23.

Insider Transactions at B2Gold

In other news, Director Clive Thomas Johnson sold 86,496 shares of the business’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$333,009.60. Also, Senior Officer Eduard Bartz sold 13,161 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of C$3.79, for a total transaction of C$49,880.19. Following the completion of the sale, the insider now owns 16 shares in the company, valued at C$60.64. This represents a 99.88 % decrease in their position. Over the last 90 days, insiders have sold 535,145 shares of company stock worth $2,191,177. 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.