B2Gold Coverage Initiated at Scotiabank (BTO)
Scotiabank began coverage on shares of B2Gold (TSE:BTO) in a research note issued on Tuesday, American Banking News reports. The firm set an “outperform” rating and a C$4.00 price target on the stock. Scotiabank’s target price suggests a potential upside of 47.06% from the stock’s previous close.
Shares of B2Gold (TSE:BTO) traded down 4.23% on Tuesday, hitting $2.72. The stock had a trading volume of 4,894,981 shares. B2Gold has a 52 week low of $1.87 and a 52 week high of $4.24. The stock has a 50-day moving average of $2.9 and a 200-day moving average of $2.69. The company has a market cap of $1.771 billion and a P/E ratio of 26.30.
A number of other firms have also recently commented on BTO. Analysts at Merrill Lynch initiated coverage on shares of B2Gold in a research note to investors on Monday, October 7th. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$3.92.
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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