BMO Capital Markets Lowers B2Gold (TSE:BTO) Price Target to C$6.50

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective decreased by stock analysts at BMO Capital Markets from C$7.00 to C$6.50 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 56.25% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. Cormark raised B2Gold from a “market perform” rating to a “buy” rating and upped their target price for the stock from C$4.50 to C$6.25 in a research report on Friday, February 21st. Finally, TD Securities downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, B2Gold currently has a consensus rating of “Hold” and a consensus price target of C$5.94.

B2Gold Stock Performance

BTO stock opened at C$4.16 on Monday. The firm has a market cap of C$3.85 billion, a PE ratio of -4.79, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The stock has a 50-day moving average price of C$3.91 and a 200-day moving average price of C$3.99. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. B2Gold has a 1-year low of C$3.16 and a 1-year high of C$4.84.

Insiders Place Their Bets

In related news, Senior Officer Eduard Bartz sold 27,862 shares of B2Gold stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total value of C$108,383.18. Following the sale, the insider now owns 16 shares of the company’s stock, valued at approximately C$62.24. The trade was a 99.94 % decrease in their position. Also, Director Gregory Barnes acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of C$4.07 per share, for a total transaction of C$203,500.00. Insiders have sold a total of 168,420 shares of company stock valued at $649,531 in the last 90 days. 0.66% of the stock is currently owned by corporate insiders.

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.