Bank of America Increases B2Gold (TSE:BTO) Price Target to C$6.50

B2Gold (TSE:BTO – Get Rating) (NYSE:BTG) had its target price upped by equities researchers at Bank of America from C$5.80 to C$6.50 in a research note issued on Wednesday, BayStreet.CA reports. Bank of America‘s price target suggests a potential upside of 15.25% from the stock’s previous close.

Several other equities research analysts have also commented on the company. National Bankshares lowered their price objective on B2Gold from C$6.75 to C$6.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 28th. TD Securities restated a “buy” rating and issued a C$8.50 price objective on shares of B2Gold in a research report on Tuesday, February 14th. National Bank Financial restated an “outperform overweight” rating on shares of B2Gold in a research report on Tuesday, February 14th. BMO Capital Markets decreased their target price on B2Gold from C$7.50 to C$7.00 in a research report on Thursday, January 19th. Finally, Cormark decreased their target price on B2Gold from C$7.00 to C$6.75 in a research report on Friday, January 20th.

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B2Gold Trading Up 0.9 %

B2Gold stock opened at C$5.64 on Wednesday. The company has a current ratio of 4.43, a quick ratio of 3.33 and a debt-to-equity ratio of 1.84. B2Gold has a 12 month low of C$3.84 and a 12 month high of C$6.39. The stock’s 50 day simple moving average is C$4.94 and its two-hundred day simple moving average is C$4.75. The firm has a market cap of C$6.09 billion, a PE ratio of 17.63, a P/E/G ratio of -0.27 and a beta of 0.99.

Insider Activity at B2Gold

In related news, Senior Officer Randall Chatwin sold 14,000 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of C$4.91, for a total value of C$68,740.00. 1.09% of the stock is owned by corporate insiders.

About B2Gold

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B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 25% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.

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