B2Gold Corp (BTG) Shares Down 6.6%
Shares of B2Gold Corp (NYSE:BTG) were down 6.6% on Monday . The company traded as low as $3.11 and last traded at $3.11, with a volume of 2,621,124 shares. The stock had previously closed at $3.33.
A number of analysts recently weighed in on BTG shares. Zacks Investment Research raised shares of B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 price objective on the stock in a report on Tuesday, May 31st. National Bank Financial reaffirmed a “sector perform” rating and issued a $4.50 price objective (up previously from $4.20) on shares of B2Gold Corp in a report on Monday, August 8th. TD Securities reaffirmed a “buy” rating and issued a $5.50 price objective (up previously from $4.00) on shares of B2Gold Corp in a report on Wednesday, August 10th. Scotiabank reaffirmed an “outperform” rating and issued a $3.25 price objective on shares of B2Gold Corp in a report on Friday, July 1st. Finally, Clarus Securities raised shares of B2Gold Corp from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Two equities research 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 company. The stock presently has an average rating of “Buy” and an average target price of $4.50.
The company’s market cap is $2.93 billion. The company’s 50-day moving average is $3.10 and its 200-day moving average is $2.06.
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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