National Bank Financial Boosts B2Gold (TSE:BTO) Price Target to C$10.70

B2Gold (TSE:BTO) (NYSE:BTG) had its price target upped by research analysts at National Bank Financial from C$10.00 to C$10.70 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 45.18% from the company’s current price.

B2Gold Price Performance

B2Gold stock traded up C$0.01 during midday trading on Tuesday, reaching C$7.37. The company’s stock had a trading volume of 3,592,465 shares, compared to its average volume of 7,124,701. B2Gold has a fifty-two week low of C$4.00 and a fifty-two week high of C$8.60. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The stock’s 50 day simple moving average is C$6.61 and its 200 day simple moving average is C$6.58. The firm has a market capitalization of C$9.82 billion, a PE ratio of 19.39, a P/E/G ratio of -0.27 and a beta of 1.59.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The company had revenue of C$1.61 billion during the quarter. On average, equities research analysts forecast that B2Gold will post 0.5596659 earnings per share for the current year.

Insider Activity

In other news, Director Kevin Bullock sold 13,400 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$7.14, for a total value of C$95,676.00. Following the completion of the transaction, the director owned 42,100 shares in the company, valued at C$300,594. This trade represents a 24.14% decrease in their ownership of the stock. Also, insider William Lytle sold 272,373 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total value of C$2,266,143.36. Following the completion of the transaction, the insider owned 38,975 shares of the company’s stock, valued at approximately C$324,272. This represents a 87.48% decrease in their position. Insiders sold a total of 606,145 shares of company stock worth $4,985,208 over the last 90 days. 0.66% of the stock is currently owned by corporate insiders.

B2Gold Company Profile

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.