B2Gold (TSE:BTO) Price Target Raised to C$7.50

B2Gold (TSE:BTO - Get Free Report) NYSE: BTG had its price target hoisted by Stifel Nicolaus from C$6.50 to C$7.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Stifel Nicolaus' price objective points to a potential upside of 75.64% from the company's current price.

A number of other analysts also recently commented on the company. BMO Capital Markets dropped their price objective on B2Gold from C$7.00 to C$6.50 in a research note on Monday, March 31st. Scotiabank upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Bank of America lowered shares of B2Gold from a "buy" rating to an "underperform" rating in a research report on Tuesday, January 14th. Cormark downgraded shares of B2Gold from a "moderate buy" rating to a "hold" rating in a report on Monday, March 31st. Finally, TD Securities cut shares of B2Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$5.93.

B2Gold Price Performance

TSE BTO opened at C$4.27 on Monday. B2Gold has a 12 month low of C$3.16 and a 12 month high of C$4.88. The firm has a market capitalization of C$3.95 billion, a PE ratio of -4.92, a P/E/G ratio of -0.27 and a beta of 1.23. The company's 50 day simple moving average is C$4.21 and its 200 day simple moving average is C$4.00. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33.

Insiders Place Their Bets

In related news, Director Gregory Barnes acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of C$4.07 per share, with a total value of C$203,500.00. Also, Senior Officer Eduard Bartz sold 27,862 shares of the company's 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 transaction of C$108,383.18. Following the completion of the transaction, the insider now owns 16 shares in the company, valued at approximately C$62.24. This represents a 99.94 % decrease in their position. In the last three months, insiders have sold 535,145 shares of company stock worth $2,191,177. Corporate insiders own 0.66% of the company's stock.

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.