B2Gold Price Target Raised to C$4.00 at Canaccord Genuity (BTO)
Investment analysts at Canaccord Genuity boosted their target price on shares of B2Gold (TSE:BTO) from C$3.75 to C$4.00 in a note issued to investors on Thursday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 61.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on BTO. Analysts at CIBC raised their price target on shares of B2Gold from C$3.00 to C$3.50 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank initiated coverage on shares of B2Gold in a research note to investors on Tuesday. They set an “outperform” rating and a C$4.00 price target on the stock. Finally, 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. Nine equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$3.95.
B2Gold (TSE:BTO) traded down 3.88% during mid-day trading on Thursday, hitting $2.48. The stock had a trading volume of 3,109,387 shares. B2Gold has a 1-year low of $1.87 and a 1-year high of $4.10. The stock’s 50-day moving average is $2.57 and its 200-day moving average is $2.58. The company has a market cap of $1.615 billion and a price-to-earnings ratio of 23.45.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.