B2Gold Corp (BTG) Shares Down 2%
Shares of B2Gold Corp (NYSE:BTG) were down 2% during mid-day trading on Monday . The company traded as low as $3.36 and last traded at $3.39, with a volume of 3,629,493 shares traded. The stock had previously closed at $3.46.
A number of analysts have recently issued reports on BTG shares. Zacks Investment Research raised B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 target price on the stock in a research report on Tuesday, May 31st. Scotiabank reissued an “outperform” rating and issued a $3.25 price objective on shares of B2Gold Corp in a report on Friday, July 1st. National Bank Financial lowered B2Gold Corp from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $3.85 to $4.20 in a report on Friday, July 15th. Canaccord Genuity reissued a “buy” rating and issued a $5.25 price objective (up from $4.75) on shares of B2Gold Corp in a report on Monday, August 8th. Finally, CIBC reissued a “sector perform” rating and issued a $5.00 price objective (up from $4.00) on shares of B2Gold Corp in a report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $4.50.
The company’s market capitalization is $3.12 billion. The company’s 50-day moving average price is $3.00 and its 200 day moving average price is $2.00.
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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