B2Gold Corp (BTG) Sees Unusually-High Trading Volume
B2Gold Corp (NYSE:BTG) saw unusually-strong trading volume on Friday . Approximately 6,785,075 shares changed hands during trading, an increase of 21% from the previous session’s volume of 5,591,326 shares.The stock last traded at $2.96 and had previously closed at $2.98.
Several equities analysts recently weighed in on BTG shares. 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 reaffirmed an “outperform” rating and set a $3.25 target price on shares of B2Gold Corp in a research note on Friday, July 1st. National Bank Financial cut shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $3.85 to $4.20 in a research note on Friday, July 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $5.25 target price (up from $4.75) on shares of B2Gold Corp in a research note on Monday, August 8th. Finally, CIBC reaffirmed a “sector perform” rating and set a $5.00 target price (up from $4.00) on shares of B2Gold Corp in a research note on Monday, August 8th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.50.
The company has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.12. The firm’s market capitalization is $2.72 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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