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Analysts at Goldman Sachs decreased their target price on shares of B2Gold Corp. (TSE:BTO) from C$4.20 to C$4.00 in a research report issued to clients and investors on Wednesday. Goldman Sachs’ price objective would suggest a potential upside of 42.86% from the stock’s previous close.

B2Gold Corp. (TSE:BTO) traded down 0.36% on Wednesday, hitting $2.79. 1,370,325 shares of the company’s stock traded hands. B2Gold Corp. has a 52-week low of $1.98 and a 52-week high of $3.69. The stock has a 50-day moving average of $2.94 and a 200-day moving average of $3.00. The company has a market cap of $1.898 billion and a P/E ratio of 44.44.

B2Gold Corp. (TSE:BTO) last released its earnings data on Friday, August 15th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.03. Analysts expect that B2Gold Corp. will post $0.09 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Scotiabank reiterated a “focus stock” rating on shares of B2Gold Corp. in a research note on Thursday, August 14th. They now have a C$4.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. B2Gold Corp. currently has a consensus rating of “Buy” and an average price target of C$3.97.

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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