B2Gold Corp (BTG) Stock Price Up 5.7%
B2Gold Corp (NYSE:BTG) shares rose 5.7% during trading on Thursday . The company traded as high as $3.08 and last traded at $2.99, with a volume of 4,734,497 shares changing hands. The stock had previously closed at $2.83.
BTG has been the subject of a number of recent analyst reports. Scotiabank restated an “outperform” rating and set a $3.25 price target on shares of B2Gold Corp in a research report on Friday, July 1st. Canaccord Genuity restated a “buy” rating and set a $5.25 price target (up from $4.75) on shares of B2Gold Corp in a research report on Monday, August 8th. National Bank Financial restated a “sector perform” rating and set a $4.50 price target (up from $4.20) on shares of B2Gold Corp in a research report on Monday, August 8th. CIBC reiterated a “sector perform” rating and issued a $5.00 target price (up from $4.00) on shares of B2Gold Corp in a research report on Monday, August 8th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and issued a $5.00 target price (up from $3.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Two equities research 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 presently has a consensus rating of “Buy” and a consensus price target of $4.50.
The firm’s market capitalization is $2.78 billion. The stock’s 50 day moving average is $3.11 and its 200-day moving average is $2.12.
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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