B2Gold (BTO) Sets New 1-Year Low at $3.35

B2Gold (TSE:BTO) (NYSE:BTG) hit a new 52-week low on Friday . The company traded as low as C$3.35 and last traded at C$3.40, with a volume of 1789182 shares changing hands. The stock had previously closed at C$3.41.

A number of brokerages recently weighed in on BTO. Scotiabank reiterated an “outperform” rating and set a C$5.00 price objective on shares of B2Gold in a report on Monday, May 28th. Eight Capital lifted their price objective on shares of B2Gold from C$4.75 to C$5.40 in a report on Thursday, April 12th. Raymond James reiterated an “outperform” rating and set a C$5.00 price objective on shares of B2Gold in a report on Tuesday, April 24th. Canaccord Genuity lifted their price objective on shares of B2Gold from C$6.50 to C$7.00 in a report on Monday, April 23rd. Finally, Royal Bank of Canada decreased their price objective on shares of B2Gold from C$5.00 to C$4.50 and set an “outperform” rating for the company in a report on Tuesday, May 22nd. Six research analysts have rated the stock with a buy rating, B2Gold currently has an average rating of “Buy” and an average target price of C$5.56.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings results on Wednesday, May 9th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.01). B2Gold had a net margin of 8.04% and a return on equity of 3.05%. The business had revenue of C$435.22 million during the quarter, compared to the consensus estimate of C$399.66 million.

In related news, insider Brian Scott sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of C$3.64, for a total transaction of C$273,000.00. Also, Director Robert Gayton sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of C$3.64, for a total transaction of C$364,000.00. In the last 90 days, insiders sold 275,000 shares of company stock valued at $1,006,000.

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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