B2Gold Corp (BTG) Shares Down 3.5%
B2Gold Corp (NYSE:BTG)’s share price was down 3.5% during trading on Wednesday . The company traded as low as $2.70 and last traded at $2.78, with a volume of 2,687,891 shares. The stock had previously closed at $2.88.
BTG has been the subject of a number of analyst reports. Zacks Investment Research raised shares of B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 target price for the company in a research note on Tuesday, May 31st. Scotiabank reissued an “outperform” rating and set a $3.25 target price on shares of B2Gold Corp in a research note on Friday, July 1st. Finally, National Bank Financial downgraded shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $3.85 to $4.20 in a research note on Friday, July 15th.
The stock’s market capitalization is $2.60 billion. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $1.70.
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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