B2Gold (TSE:BTO) PT Lowered to C$6.00

B2Gold (TSE:BTO) (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.

B2Gold Stock Down 1.5 %

BTO opened at C$4.46 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The stock has a market capitalization of C$5.84 billion, a price-to-earnings ratio of -27.88, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21. The business has a 50-day moving average of C$3.91 and a two-hundred day moving average of C$3.73. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.74.

B2Gold (TSE:BTO) (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.