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

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded B2Gold Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. TD Securities reaffirmed a “buy” rating and issued a $5.50 price objective (up previously from $4.00) on shares of B2Gold Corp in a research note on Wednesday, August 10th. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $5.00 price objective (up previously from $3.75) on shares of B2Gold Corp in a research note on Monday, August 8th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $5.50 price objective (up previously from $5.00) on shares of B2Gold Corp in a research note on Monday, August 8th. Finally, National Bank Financial reaffirmed a “sector perform” rating and issued a $4.50 price objective (up previously from $4.20) on shares of B2Gold Corp in a research note on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. B2Gold Corp currently has a consensus rating of “Buy” and a consensus price target of $4.50.

Analyst Recommendations for B2Gold Corp (NYSE:BTG)

Shares of B2Gold Corp (NYSE:BTG) traded up 1.44% during mid-day trading on Tuesday, reaching $2.82. The company’s stock had a trading volume of 594,604 shares. The stock’s market capitalization is $2.65 billion. The company’s 50-day moving average price is $3.05 and its 200-day moving average price is $2.34. B2Gold Corp has a 12-month low of $0.60 and a 12-month high of $3.65.

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Several institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in B2Gold Corp by 5.5% in the second quarter. Van ECK Associates Corp now owns 147,949,562 shares of the company’s stock valued at $371,319,000 after buying an additional 7,718,777 shares in the last quarter. Fiera Capital Corp increased its position in B2Gold Corp by 6.7% in the second quarter. Fiera Capital Corp now owns 36,023,039 shares of the company’s stock valued at $89,926,000 after buying an additional 2,268,319 shares in the last quarter. Vanguard Group Inc. increased its position in B2Gold Corp by 13.9% in the second quarter. Vanguard Group Inc. now owns 15,916,728 shares of the company’s stock valued at $39,950,000 after buying an additional 1,944,895 shares in the last quarter. Royal Bank of Canada increased its position in B2Gold Corp by 50.7% in the second quarter. Royal Bank of Canada now owns 11,194,736 shares of the company’s stock valued at $28,099,000 after buying an additional 3,767,486 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in B2Gold Corp by 50.3% in the second quarter. TD Asset Management Inc. now owns 9,434,900 shares of the company’s stock valued at $23,538,000 after buying an additional 3,155,875 shares in 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.

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