B2Gold Corp (BTG) Sets New 52-Week High at $3.64
B2Gold Corp (NYSE:BTG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $3.64 and last traded at $3.58, with a volume of 3,042,197 shares trading hands. The stock had previously closed at $3.50.
Several research analysts have recently commented on the stock. TD Securities reissued a “buy” rating and issued a $5.50 price objective (up previously from $4.00) on shares of B2Gold Corp in a research note on Wednesday. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $5.00 target price (up previously from $3.75) on shares of B2Gold Corp in a report on Monday. RBC Capital Markets reaffirmed an “outperform” rating and issued a $5.50 target price (up previously from $5.00) on shares of B2Gold Corp in a report on Monday. National Bank Financial reaffirmed a “sector perform” rating and issued a $4.50 target price (up previously from $4.20) on shares of B2Gold Corp in a report on Monday. Finally, Clarus Securities raised shares of B2Gold Corp from a “hold” rating to a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.50.
The firm has a 50 day moving average price of $2.87 and a 200-day moving average price of $1.92. The company’s market cap is $3.38 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.