B2Gold Corp (NYSE:BTG)’s share price shot up 2.5% on Tuesday . The stock traded as high as $2.88 and last traded at $2.85, with a volume of 2,268,687 shares traded. The stock had previously closed at $2.78.

Several research firms recently weighed in on BTG. Dundee Securities upgraded B2Gold Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $5.25 target price (up from $4.75) on shares of B2Gold Corp in a research report on Monday, August 8th. National Bank Financial downgraded B2Gold Corp from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $3.85 to $4.20 in a research report on Friday, July 15th. Scotiabank reiterated an “outperform” rating and set a $3.25 target price on shares of B2Gold Corp in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and set a $5.00 target price (up from $3.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $4.50.

The stock’s market cap is $2.69 billion. The company has a 50-day moving average price of $3.04 and a 200-day moving average price of $2.35.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/b2gold-corp-btg-shares-up-2-5.html

Institutional investors have recently modified their holdings of the company. Schroder Investment Management Group bought a new position in shares of B2Gold Corp during the second quarter worth about $2,188,000. I.G. Investment Management LTD. boosted its position in shares of B2Gold Corp by 2.8% in the second quarter. I.G. Investment Management LTD. now owns 8,483,386 shares of the company’s stock worth $21,277,000 after buying an additional 234,402 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of B2Gold Corp by 50.3% in the second quarter. TD Asset Management Inc. now owns 9,434,900 shares of the company’s stock worth $23,538,000 after buying an additional 3,155,875 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of B2Gold Corp by 130.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,080,180 shares of the company’s stock worth $6,740,000 after buying an additional 1,177,270 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of B2Gold Corp during the second quarter worth about $1,862,000.

B2Gold Corp Company Profile

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

Receive News & Ratings for B2Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold Corp and related companies with MarketBeat.com's FREE daily email newsletter.