B2Gold Corp (BTG) Reaches New 12-Month High at $3.19
B2Gold Corp (NYSE:BTG) hit a new 52-week high on Friday . The stock 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 research firms have weighed in on BTG. National Bank Financial cut shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $3.85 to $4.20 in a research report on Friday, July 15th. Scotiabank reiterated an “outperform” rating and set a $3.25 price objective on shares of B2Gold Corp in a research report on Friday, July 15th. Finally, Zacks Investment Research upgraded shares of B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 price objective on the stock in a research report on Tuesday, May 31st.
The firm’s 50-day moving average price is $2.64 and its 200-day moving average price is $1.79. 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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