B2Gold (NYSE:BTG) PT Raised to $3.50

B2Gold (NYSE:BTG) had its price objective lifted by stock analysts at CIBC from $3.40 to $3.50 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 17.25% from the company’s previous close.

Separately, StockNews.com raised B2Gold from a “hold” rating to a “buy” rating in a report on Friday, May 31st.

B2Gold Stock Performance

Shares of BTG opened at $2.99 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. B2Gold has a 12-month low of $2.34 and a 12-month high of $3.83. The firm has a market cap of $3.90 billion, a P/E ratio of -99.47, a PEG ratio of 0.44 and a beta of 1.12.

B2Gold (NYSE:BTG) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $461.44 million during the quarter. B2Gold had a negative net margin of 2.10% and a positive return on equity of 8.05%. As a group, research analysts anticipate that B2Gold will post 0.27 EPS for the current year.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.