B2Gold Corp (NYSE:BTG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $3.19 and last traded at $3.16, with a volume of 4,032,626 shares traded. The stock had previously closed at $3.01.

A number of brokerages have recently issued reports on BTG. National Bank Financial downgraded shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $3.85 to $4.20 in a report on Friday, July 15th. Scotiabank reissued an “outperform” rating and issued a $3.25 price target on shares of B2Gold Corp in a report on Friday, July 15th. Finally, Zacks Investment Research raised shares of B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 price target on the stock in a report on Tuesday, May 31st.

The stock has a 50 day moving average price of $2.61 and a 200 day moving average price of $1.77. The stock’s market cap is $2.91 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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