B2Gold (TSE:BTO) Price Target Raised to C$11.00

by · The Markets Daily

B2Gold (TSE:BTO – Free Report) (NYSE:BTG) had its price target upped by National Bank Financial from C$10.25 to C$11.00 in a report released on Monday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Scotia upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating and set a C$10.00 price target for the company in a research note on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$6.50 to C$11.00 in a research note on Monday, August 10th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. TD raised B2Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from C$6.00 to C$8.50 in a report on Monday, August 10th. Finally, Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$10.12.

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B2Gold Price Performance

Shares of TSE BTO opened at C$7.38 on Monday. The stock has a market capitalization of C$9.72 billion, a price-to-earnings ratio of 9.00, a PEG ratio of -0.27 and a beta of 2.13. The business has a 50-day moving average of C$7.34 and a 200-day moving average of C$6.73. The company has a debt-to-equity ratio of 12.50, a current ratio of 1.77 and a quick ratio of 3.33. B2Gold has a fifty-two week low of C$5.02 and a fifty-two week high of C$8.60.

B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) last released its earnings results on Wednesday, November 4th. The company reported C$0.20 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 30.40% and a net margin of 31.07%. The business had revenue of C$1.19 billion for the quarter. As a group, sell-side analysts predict that B2Gold will post 0.56 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 23rd were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.1%. B2Gold’s payout ratio is currently 9.76%.

B2Gold Company Profile

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B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

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