B2Gold Corp (NYSE:BTG) shares hit a new 52-week high on Wednesday . The company traded as high as $3.64 and last traded at $3.58, with a volume of 3,042,197 shares changing hands. The stock had previously closed at $3.50.

A number of research analysts recently weighed in on the company. TD Securities reissued a “buy” rating and issued a $5.50 price objective (up from $4.00) on shares of B2Gold Corp in a research note on Wednesday. Raymond James Financial Inc. reissued an “outperform” rating and issued a $5.00 price objective (up from $3.75) on shares of B2Gold Corp in a research note on Monday. RBC Capital Markets reissued an “outperform” rating and issued a $5.50 price objective (up from $5.00) on shares of B2Gold Corp in a research note on Monday. National Bank Financial reissued a “sector perform” rating and issued a $4.50 price objective (up from $4.20) on shares of B2Gold Corp in a research note on Monday. Finally, Clarus Securities raised B2Gold Corp from a “hold” rating to a “buy” rating in a research note on Monday. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. B2Gold Corp presently has a consensus rating of “Buy” and a consensus target price of $4.50.

The firm’s market cap is $3.32 billion. The company has a 50-day moving average of $2.94 and a 200 day moving average of $1.95.

B2Gold Corp. (B2Gold) is a gold producer with three operating mines (two in Nicaragua and one in the Philippines), a fourth mine which entered into the commissioning and testing phase in Namibia and a portfolio of development and exploration assets in Mali, Colombia, Burkina Faso and Nicaragua. The Company operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia.

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