B2Gold (BTO) Price Target Raised to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price lifted by Cormark from C$5.50 to C$6.00 in a research note issued to investors on Friday. Cormark also issued estimates for B2Gold’s Q4 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS and FY2019 earnings at $0.35 EPS.

A number of other research analysts also recently issued reports on BTO. National Bank Financial decreased their price target on B2Gold from C$7.00 to C$6.50 and set an outperform rating for the company in a report on Saturday, July 14th. Canaccord Genuity decreased their price target on B2Gold from C$7.00 to C$6.50 in a report on Tuesday, July 24th. Pi Financial decreased their price target on B2Gold from C$5.25 to C$5.10 in a report on Friday, September 7th. Finally, Raymond James decreased their price target on B2Gold from C$5.00 to C$4.50 in a report on Friday, October 19th. Six investment analysts have rated the stock with a buy rating, B2Gold currently has an average rating of Buy and a consensus price target of C$5.33.

Shares of TSE BTO opened at C$3.38 on Friday. B2Gold has a 52 week low of C$2.77 and a 52 week high of C$4.06.



B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Tuesday, August 7th. The company reported C$0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.06. The firm had revenue of C$367.58 million for the quarter, compared to analyst estimates of C$379.21 million. B2Gold had a return on equity of 3.05% and a net margin of 8.04%.

In other news, insider Roger Richer sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of C$2.92, for a total transaction of C$58,400.00. Also, Director Bongani Mtshisi sold 34,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of C$2.80, for a total value of C$95,200.00. Insiders sold 134,000 shares of company stock valued at $317,000 over the last three months.

B2Gold Company Profile

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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Analyst Recommendations for B2Gold (TSE:BTO)

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