B2Gold Corp.’s Focus Stock Rating Reaffirmed at Scotiabank (BTO)
B2Gold Corp. (TSE:BTO)‘s stock had its “focus stock” rating reiterated by equities researchers at Scotiabank in a research report issued on Thursday. They currently have a C$4.00 price objective on the stock. Scotiabank’s price target indicates a potential upside of 30.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at CIBC cut their price target on shares of B2Gold Corp. from C$5.00 to C$4.50 in a research note on Thursday, June 5th. They now have a “sector outperform” rating on the stock. Separately, analysts at Dundee Securities cut their price target on shares of B2Gold Corp. from C$4.25 to C$3.75 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of B2Gold Corp. from C$4.00 to C$3.50 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$3.99.
B2Gold Corp. (TSE:BTO) traded down 4.58% during mid-day trading on Thursday, hitting $2.92. 3,414,489 shares of the company’s stock traded hands. B2Gold Corp. has a one year low of $1.98 and a one year high of $3.69. The stock’s 50-day moving average is $2.97 and its 200-day moving average is $2.99. The company has a market cap of $1.979 billion and a price-to-earnings ratio of 48.57.
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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