B2Gold Corp (BTG) Trading 4.4% Higher
B2Gold Corp (NYSE:BTG) shares traded up 4.4% on Thursday . The company traded as high as $2.69 and last traded at $2.62, with a volume of 3,812,231 shares changing hands. The stock had previously closed at $2.51.
A number of research analysts have weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a $5.25 target price (up previously from $4.75) on shares of B2Gold Corp in a report on Monday, August 8th. National Bank Financial downgraded B2Gold Corp from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $3.85 to $4.20 in a report on Friday, July 15th. Scotiabank restated an “outperform” rating and issued a $3.25 price target on shares of B2Gold Corp in a research report on Friday, July 15th. Raymond James Financial Inc. restated an “outperform” rating and issued a $5.00 price target (up previously from $3.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $5.50 price target (up previously from $5.00) on shares of B2Gold Corp in a research report on Monday, August 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $4.50.
The stock has a 50 day moving average of $3.09 and a 200-day moving average of $2.18. The firm’s market capitalization is $2.50 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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