B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) had its price objective reduced by investment analysts at BMO Capital Markets from C$6.50 to C$6.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 34.53% from the stock’s current price.
BTO has been the subject of a number of other research reports. CIBC set a C$3.30 target price on B2Gold and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Cibc World Mkts upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Scotiabank cut B2Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, August 9th. Cormark lowered B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group reduced their price target on B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, B2Gold currently has an average rating of “Buy” and an average target price of C$5.94.
Check Out Our Latest Stock Report on BTO
B2Gold Stock Down 1.5 %
B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. The firm had revenue of C$673.95 million for the quarter. On average, research analysts expect that B2Gold will post 0.6237337 earnings per share for the current year.
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.
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