B2Gold (TSE:BTO) PT Lowered to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its price target decreased by BMO Capital Markets from C$6.50 to C$6.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 32.16% from the stock’s previous close.

Several other brokerages have also recently commented on BTO. Cibc World Mkts raised B2Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Canaccord Genuity Group dropped their price objective on B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, CIBC set a C$3.30 price objective on B2Gold and gave the company an “outperform” rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$5.94.

B2Gold Stock Performance

Shares of TSE BTO traded up C$0.23 during trading hours on Monday, hitting C$4.54. 4,251,633 shares of the stock were exchanged, compared to its average volume of 3,324,280. B2Gold has a one year low of C$3.18 and a one year high of C$4.74. The company’s 50 day moving average is C$3.88 and its 200 day moving average is C$3.72. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The firm has a market capitalization of C$5.95 billion, a P/E ratio of -28.38, a P/E/G ratio of -0.27 and a beta of 1.21.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. On average, research analysts expect that B2Gold will post 0.6237337 EPS for the current year.

B2Gold Company Profile

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.