B2Gold Corp (BTG) Trading Up 2.9%
Shares of B2Gold Corp (NYSE:BTG) were up 2.9% on Tuesday . The company traded as high as $3.55 and last traded at $3.51, with a volume of 2,377,603 shares traded. The stock had previously closed at $3.41.
A number of analysts have weighed in on BTG shares. Zacks Investment Research raised B2Gold Corp from a “hold” rating to a “strong-buy” rating and set a $2.00 price objective for the company in a research report on Tuesday, May 31st. Scotiabank reaffirmed an “outperform” rating and set a $3.25 price objective on shares of B2Gold Corp in a research report on Friday, July 1st. National Bank Financial cut B2Gold Corp from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $3.85 to $4.20 in a research report on Friday, July 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $5.25 price objective (up from $4.75) on shares of B2Gold Corp in a research report on Monday. Finally, CIBC reaffirmed a “sector perform” rating and set a $5.00 price objective (up from $4.00) on shares of B2Gold Corp in a research report on Monday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $4.36.
The firm’s market capitalization is $3.25 billion. The stock has a 50-day moving average price of $2.83 and a 200 day moving average price of $1.90.
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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