B2Gold (BTO) Reduced price target to $ 6.50 CAD



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B2Gold (TSE: BTO) (NYSE: BTG) saw its price target of C $ 7.00 C to C The target price of National Bank Financial would indicate a potential upside of 101.24% over the previous closing of the stock, according to a research note of $ 6.50 issued Saturday by investors. B2Gold earnings at $ 0.22 for fiscal year and earnings of $ 0.31 for fiscal year 2013.

A number of other brokerages have recently released reports on the BTO. On April 12, Raymond James reissued an "outperformance" rating and set a target price of CAD $ 5.00 on B2Gold shares in a report on Tuesday, April 24. in a report o n Monday, May 28th. Canaccord Genuity raised its target price on B2Gold shares from CA $ 6.50 to CA $ 7.00 in a report on Monday, April 23. Finally, Royal Bank of Canada lowered its target price on B2Gold shares from C $ 5.00 to C $ 4.50 and set an "outperformance" rating in the stock on Tuesday, May 22. B2Gold currently has an average buy rating and an average target price of $ 5.49 CDN.

BTO stock dropped $ 0.05 C during the day on Friday, reaching $ 3.23. . 1,034,900 shares of the company were traded for an average volume of 2,439,849. B2Gold has a 52-week low of CA $ 3.01 and a high of CA $ 4.06 in 52 weeks.

B2Gold (TSE: BTO) (NYSE: BTG) released its financial results for the last time on Wednesday, May 9th. The company reported earnings per share (EPS) of C $ 0.08 for the quarter, with analyst consensus estimates of C $ 0.09 per C ($ 0.01). B2Gold had a net margin of 8.04% and a return on equity of 3.05%. The company generated revenues of C $ 435.22 million for the quarter, compared with the consensus estimate of C $ 399.66 million.

Incidentally, Clive director Thomas Johnson sold 150,000 shares of the company during a transaction on Friday, July 13. The shares were sold at an average price of CA $ 3.27, for a total transaction of CA $ 490,500.00. In addition, insider William Lytle sold 125,937 shares of the company during a transaction on Tuesday, July 3. The shares were sold at an average price of C $ 3.39, for a total transaction of C $ 426,926.43. Insiders sold a total of 455,037 shares valued at $ 1,567,833 in the last 90 days.

About B2Gold

B2Gold Corp. and its subsidiaries are engaged in the exploration and development of mining properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland and Namibia. It mainly explores gold and silver deposits. The company owns mainly 80% of the Fekola mine, an open pit gold mine located in Mali; 90% stake in the Otjikoto gold mine north of Windhoek, Namibia; Gold Masbate project located in southeast Manila, Philippines; and a 95% stake in the El Limon Mine, an underground gold mine located in northwestern Nicaragua

  Analyst Recommendations for B2Gold (TSE: BTO) "title =" Recommendations from For B2Gold (TSE: BTO) "/> </p>
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