B2Gold Now Covered by Merrill Lynch (BTO)
Equities researchers at Merrill Lynch started coverage on shares of B2Gold (TSE:BTO) in a research report issued on Monday, AnalystRatings.Net reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Desjardins initiated coverage on shares of B2Gold in a research note to investors on Wednesday, September 18th. They set a “buy” rating and a C$3.50 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of B2Gold from C$3.50 to C$4.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of B2Gold from C$3.50 to C$3.75 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$3.98.
Shares of B2Gold (TSE:BTO) traded up 6.72% during mid-day trading on Monday, hitting $2.54. 3,740,568 shares of the company’s stock traded hands. B2Gold has a 1-year low of $1.87 and a 1-year high of $4.24. The stock’s 50-day moving average is $2.9 and its 200-day moving average is $2.69. The company has a market cap of $1.654 billion and a price-to-earnings ratio of 21.64.
B2Gold Corp. (TSE:BTO) is a gold producer with mining operations in Nicaragua and a portfolio of development and exploration assets in Colombia, Nicaragua and Uruguay.
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