B2Gold (TSE:BTO) Upgraded by TD to Buy Rating

B2Gold (TSE:BTO) (NYSE:BTG) was upgraded by stock analysts at TD from a “hold” rating to a “buy” rating in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a C$8.50 price objective on the stock, up from their previous price objective of C$6.00. TD’s price target would suggest a potential upside of 20.57% from the stock’s previous close.

Separately, National Bank Financial dropped their price objective on B2Gold from C$10.70 to C$9.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, B2Gold presently has a consensus rating of “Moderate Buy” and an average target price of C$9.33.

B2Gold Stock Performance

Shares of B2Gold stock traded up C$0.02 on Monday, reaching C$7.05. 3,504,408 shares of the stock were exchanged, compared to its average volume of 6,164,595. B2Gold has a 1-year low of C$4.81 and a 1-year 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 business has a fifty day moving average price of C$5.68 and a two-hundred day moving average price of C$6.43. The firm has a market capitalization of C$9.31 billion, a PE ratio of 18.55, a PEG ratio of -0.27 and a beta of 1.74.

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

Insider Activity

In related news, insider Randall Chatwin sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of C$5.70, for a total transaction of C$125,400.00. Following the sale, the insider owned 119,989 shares in the company, valued at approximately C$683,937.30. This trade represents a 15.49% decrease in their ownership of the stock. Also, insider William Lytle sold 14,089 shares of B2Gold 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 completion of the sale, the insider directly owned 218,475 shares of the company’s stock, valued at C$1,284,633. The trade was a 6.06% decrease in their ownership of the stock. Insiders have sold 227,252 shares of company stock valued at $1,401,375 in the last 90 days. 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.