B2Gold Corp (BTG) Shares Down 2%
Shares of B2Gold Corp (NYSE:BTG) fell 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. The stock had previously closed at $3.46.
A number of brokerages have issued reports on BTG. TD Securities reaffirmed a “buy” rating and set a $5.50 price target (up from $4.00) on shares of B2Gold Corp in a report on Wednesday, August 10th. Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $5.00 price target (up from $3.75) on shares of B2Gold Corp in a report on Monday, August 8th. RBC Capital Markets reaffirmed an “outperform” rating and set a $5.50 price target (up from $5.00) on shares of B2Gold Corp in a report on Monday, August 8th. National Bank Financial reissued a “sector perform” rating and issued a $4.50 target price (up from $4.20) on shares of B2Gold Corp in a report on Monday, August 8th. Finally, Clarus Securities raised B2Gold Corp from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. B2Gold Corp currently has a consensus rating of “Buy” and an average price target of $4.50.
The company’s market cap is $3.08 billion. The stock’s 50-day moving average is $3.03 and its 200 day moving average is $2.02.
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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