BMO Capital Markets Lowers B2Gold (TSE:BTO) Price Target to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its target price decreased by equities researchers at BMO Capital Markets from C$6.50 to C$6.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 32.16% from the stock’s current price.

BTO has been the topic of several other research reports. Cibc World Mkts upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Canaccord Genuity Group reduced their price target on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Cormark downgraded B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th. CIBC set a C$3.30 price target on shares of B2Gold and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, Scotiabank lowered shares of B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, B2Gold currently has an average rating of “Buy” and a consensus target price of C$5.94.

B2Gold Price Performance

B2Gold stock traded up C$0.23 during trading on Monday, reaching C$4.54. The company had a trading volume of 4,251,633 shares, compared to its average volume of 3,324,280. The firm has a market capitalization of C$5.95 billion, a PE ratio of -28.38, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.74. The firm’s 50-day simple moving average is C$3.88 and its 200 day simple moving average is C$3.72. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The firm had revenue of C$673.95 million for the quarter. B2Gold had a negative return on equity of 3.47% and a negative net margin of 7.23%. As a group, equities research analysts anticipate that B2Gold will post 0.6237337 earnings per share for the current fiscal year.

B2Gold Company Profile

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.