B2Gold (BTO) Reaches New 52-Week Low at $3.56

B2Gold (TSE:BTO) (NYSE:BTG)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$3.56 and last traded at C$3.56, with a volume of 2187287 shares traded. The stock had previously closed at C$3.63.

A number of equities analysts have issued reports on the company. Canaccord Genuity upped their target price on B2Gold from C$6.00 to C$6.50 in a report on Friday, January 19th. Scotiabank reaffirmed an “outperform” rating and issued a C$5.00 target price on shares of B2Gold in a report on Tuesday, March 6th. Raymond James reaffirmed an “outperform” rating and issued a C$5.00 target price on shares of B2Gold in a report on Tuesday, April 24th. Eight Capital upped their target price on B2Gold from C$4.75 to C$5.40 in a report on Thursday, April 12th. Finally, National Bank Financial upped their target price on B2Gold from C$6.50 to C$7.00 in a report on Friday, January 26th. Six research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$5.63.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, March 14th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). The company had revenue of C$220.98 million during the quarter, compared to analyst estimates of C$275.31 million. B2Gold had a net margin of 8.04% and a return on equity of 3.05%.

In other news, insider Eduard Bartz sold 75,000 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of C$3.82, for a total value of C$286,500.00. Also, Director Bongani Mtshisi sold 100,000 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of C$3.69, for a total value of C$369,000.00.

B2Gold Company Profile

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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