B2Gold Corp (BTG) Sees Large Volume Increase
B2Gold Corp (NYSE:BTG) shares saw unusually-high trading volume on Friday . Approximately 20,372,388 shares traded hands during trading, an increase of 132% from the previous session’s volume of 8,777,796 shares.The stock last traded at $3.45 and had previously closed at $3.49.
BTG has been the subject of a number of analyst reports. TD Securities reissued a “buy” rating and set a $5.50 target price (up from $4.00) on shares of B2Gold Corp in a research note on Wednesday. Scotiabank reissued an “outperform” rating and set a $3.25 target price on shares of B2Gold Corp in a research note on Friday, July 1st. National Bank Financial lowered shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $3.85 to $4.20 in a research note on Friday, July 15th. Clarus Securities raised shares of B2Gold Corp from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $5.50 price target (up from $5.00) on shares of B2Gold Corp in a research note on Monday, August 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. B2Gold Corp has an average rating of “Buy” and an average target price of $4.50.
The company has a 50 day moving average price of $2.96 and a 200-day moving average price of $1.96. The firm’s market cap is $3.25 billion.
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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