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Canaccord Genuity decreased their price objective on shares of B2Gold (TSE:BTO) from C$4.00 to C$3.50 in a research note issued on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 29.15% from the stock’s previous close.

B2Gold (TSE:BTO) traded down 1.09% during mid-day trading on Monday, hitting $2.71. 1,458,088 shares of the company’s stock traded hands. B2Gold has a one year low of $1.87 and a one year high of $4.02. The stock has a 50-day moving average of $2.24 and a 200-day moving average of $2.55. The company has a market cap of $1.765 billion and a price-to-earnings ratio of 30.44.

B2Gold (TSE:BTO) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.01. During the same quarter in the previous year, the company posted $0.05 earnings per share. Analysts expect that B2Gold will post $0.14 EPS for the current fiscal year.

A number of other firms have also recently commented on BTO. Analysts at Scotiabank reiterated an “outperform” rating on shares of B2Gold in a research note to investors on Thursday, December 19th. They now have a C$4.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of B2Gold in a research note to investors on Wednesday, December 11th. They set an “outperform” rating on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of B2Gold in a research note to investors on Friday, November 15th. They now have a C$3.50 price target on the stock. Ten analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$3.89.

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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