Brokerages Set B2Gold Corp. (BTO) Price Target at $5.33
Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$5.33.
Several research firms recently weighed in on BTO. Raymond James lowered their target price on B2Gold from C$5.00 to C$4.50 in a research report on Friday, October 19th. Canaccord Genuity lowered their price objective on B2Gold from C$6.50 to C$6.00 in a research report on Thursday, October 18th. Cormark boosted their price objective on B2Gold from C$5.50 to C$6.00 in a research report on Friday, October 26th. Finally, Pi Financial lowered their price objective on B2Gold from C$5.25 to C$5.10 in a research report on Friday, September 7th.
In other news, insider Roger Richer sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of C$3.01, for a total value of C$60,200.00. Insiders sold 100,000 shares of company stock worth $221,800 over the last 90 days.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
Further Reading: Why do company’s buyback their stock?
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