B2Gold Corp (BTG) Shares Up 4.4%
B2Gold Corp (NYSE:BTG) shares shot up 4.4% during mid-day trading on Thursday . The stock traded as high as $2.69 and last traded at $2.62, with a volume of 3,812,231 shares traded. The stock had previously closed at $2.51.
Several brokerages have recently issued reports on BTG. Scotiabank reissued an “outperform” rating and issued a $3.25 target price on shares of B2Gold Corp in a research report on Friday, July 15th. CIBC reissued a “sector perform” rating and issued a $5.00 target price (up previously from $4.00) on shares of B2Gold Corp in a research report on Monday, August 8th. Raymond James Financial Inc. reissued an “outperform” rating and issued a $5.00 target price (up previously from $3.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Zacks Investment Research raised B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 target price for the company in a research report on Tuesday, May 31st. Finally, National Bank Financial reissued a “sector perform” rating and issued a $4.50 target price (up previously from $4.20) on shares of B2Gold Corp in a research report on Monday, August 8th. Two 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 company presently has an average rating of “Buy” and an average price target of $4.50.
The firm’s market capitalization is $2.64 billion. The company has a 50 day moving average price of $3.07 and a 200-day moving average price of $2.19.
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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