B2Gold (TSE:BTO) Given New C$8.00 Price Target at National Bank Financial

B2Gold (TSE:BTO) (NYSE:BTG) had its target price upped by National Bank Financial from C$7.50 to C$8.00 in a report released on Monday morning, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Bank of America increased their price objective on shares of B2Gold from C$5.10 to C$5.50 in a research note on Friday, August 16th. Raymond James restated an outperform rating and set a C$6.25 price target on shares of B2Gold in a research note on Friday, November 8th. Eight Capital raised their price target on shares of B2Gold from C$5.15 to C$6.50 in a research note on Thursday, August 8th. Pi Financial raised their price target on shares of B2Gold from C$5.10 to C$5.50 in a research note on Wednesday, July 24th. Finally, BMO Capital Markets raised their price target on shares of B2Gold from C$6.00 to C$7.00 in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of C$6.33.

TSE:BTO traded up C$0.03 on Monday, hitting C$4.80. The stock had a trading volume of 2,237,920 shares, compared to its average volume of 3,517,003. The company has a debt-to-equity ratio of 19.63, a quick ratio of 0.75 and a current ratio of 2.40. The stock has a market cap of $4.86 billion and a P/E ratio of 85.71. B2Gold has a 1 year low of C$3.24 and a 1 year high of C$5.36. The firm’s fifty day simple moving average is C$4.44 and its two-hundred day simple moving average is C$4.21.

In other news, Senior Officer Dale Alton Craig sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of C$4.80, for a total transaction of C$96,000.00. Following the completion of the sale, the insider now owns 27,437 shares in the company, valued at approximately C$131,697.60. Also, Director Robert Gayton sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$4.84, for a total transaction of C$242,000.00. Following the completion of the transaction, the director now directly owns 229,000 shares of the company’s stock, valued at C$1,108,360.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the 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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