B2Gold Corp. (BTO) Lifted to “Buy” at Dundee Securities
B2Gold Corp. (TSE:BTO) was upgraded by research analysts at Dundee Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a C$4.50 price objective on the stock, up from their previous price objective of C$4.25. Dundee Securities’ price target points to a potential upside of 22.62% from the stock’s current price.
A number of other research firms have also commented on BTO. National Bank Financial upped their price target on B2Gold Corp. from C$4.20 to C$4.50 and gave the company a “sector perform” rating in a research report on Friday, August 5th. Clarus Securities raised B2Gold Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. CIBC boosted their price objective on B2Gold Corp. from C$4.00 to C$5.00 and gave the company a “sector perform” rating in a research note on Friday, August 5th. TD Securities boosted their price objective on B2Gold Corp. from C$4.00 to C$5.50 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Raymond James Financial Inc. boosted their price objective on B2Gold Corp. from C$3.75 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. B2Gold Corp. has an average rating of “Buy” and a consensus target price of C$5.10.
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B2Gold Corp. (TSE:BTO) traded up 2.72% on Tuesday, reaching $3.77. The company’s stock had a trading volume of 3,405,155 shares. The company’s market cap is $3.54 billion. The firm’s 50-day moving average price is $3.96 and its 200 day moving average price is $3.02. B2Gold Corp. has a 52-week low of $0.86 and a 52-week high of $4.74.
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