B2Gold Corp (BTG) Trading 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 traded. The stock had previously closed at $3.33.
A number of analysts recently weighed in on BTG shares. Clarus Securities raised shares of B2Gold Corp from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. TD Securities reaffirmed a “buy” rating and set a $5.50 target price (up from $4.00) on shares of B2Gold Corp in a research report on Wednesday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $5.25 target price (up from $4.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Scotiabank reaffirmed an “outperform” rating and set a $3.25 target price on shares of B2Gold Corp in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $5.00 target price (up from $3.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $4.50.
The stock’s 50-day moving average price is $3.11 and its 200-day moving average price is $2.11. The firm’s market cap is $2.72 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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