B2Gold Corp (NYSE:BTG) was upgraded by equities researchers at Dundee Securities from a “neutral” rating to a “buy” rating in a report released on Tuesday.

BTG has been the subject of a number of other research reports. RBC Capital Markets reiterated an “outperform” rating and issued a $5.50 price target (up previously from $5.00) on shares of B2Gold Corp in a research note on Monday, August 8th. Zacks Investment Research downgraded shares of B2Gold Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. TD Securities reiterated a “buy” rating and issued a $5.50 price target (up previously from $4.00) on shares of B2Gold Corp in a research note on Wednesday, August 10th. National Bank Financial downgraded shares of B2Gold Corp from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $3.85 to $4.20 in a research note on Friday, July 15th. Finally, Clarus Securities upgraded shares of B2Gold Corp from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $4.50.

Analyst Recommendations for B2Gold Corp (NYSE:BTG)

B2Gold Corp (NYSE:BTG) traded up 2.16% during midday trading on Tuesday, reaching $2.84. 740,676 shares of the company were exchanged. The company’s market capitalization is $2.67 billion. The firm has a 50-day moving average price of $3.05 and a 200-day moving average price of $2.34. B2Gold Corp has a 52 week low of $0.60 and a 52 week high of $3.65.

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Several institutional investors have recently made changes to their positions in BTG. Bank of New York Mellon Corp boosted its position in shares of B2Gold Corp by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 48,563 shares of the company’s stock worth $122,000 after buying an additional 5,360 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of B2Gold Corp by 2.1% in the second quarter. Bank of Nova Scotia now owns 426,138 shares of the company’s stock worth $1,069,000 after buying an additional 8,746 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of B2Gold Corp by 27.2% in the second quarter. Shell Asset Management Co. now owns 101,540 shares of the company’s stock worth $329,000 after buying an additional 21,700 shares during the last quarter. AXA acquired a new position in shares of B2Gold Corp during the second quarter worth approximately $100,000. Finally, Swiss National Bank boosted its position in shares of B2Gold Corp by 4.5% in the second quarter. Swiss National Bank now owns 1,555,029 shares of the company’s stock worth $3,881,000 after buying an additional 67,400 shares during the last quarter.

About B2Gold Corp

B2Gold Corp. (B2Gold) is a gold producer with three operating mines (two in Nicaragua and one in the Philippines), a fourth mine which entered into the commissioning and testing phase in Namibia and a portfolio of development and exploration assets in Mali, Colombia, Burkina Faso and Nicaragua. The Company operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia.

5 Day Chart for NYSE:BTG

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