TD Securities Raises B2Gold (BTO) Price Target to C$6.00
BTO has been the topic of several other reports. Cormark cut their price objective on shares of B2Gold from C$6.00 to C$5.75 in a research report on Tuesday, December 4th. National Bank Financial cut their price objective on shares of B2Gold from C$7.00 to C$6.75 and set an outperform rating on the stock in a research report on Thursday, January 17th. BMO Capital Markets reissued an outperform rating and set a C$5.00 price objective on shares of B2Gold in a research report on Thursday, January 17th. Eight Capital cut their price objective on shares of B2Gold from C$5.40 to C$5.00 in a research report on Monday, January 7th. Finally, Raymond James reissued an outperform rating and set a C$4.50 price objective on shares of B2Gold in a research report on Thursday. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and an average price target of C$5.36.
Shares of BTO stock opened at C$3.87 on Thursday. B2Gold has a one year low of C$2.77 and a one year high of C$4.40. The stock has a market cap of $3.89 billion and a P/E ratio of 37.94. The company has a current ratio of 1.27, a quick ratio of 0.79 and a debt-to-equity ratio of 44.21.
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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