B2Gold Corp (BTG) Upgraded to “Buy” by Zacks Investment Research
B2Gold Corp (NYSE:BTG) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $2.75 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 3.38% from the company’s previous close.
According to Zacks, “B2Gold Corp. is involved in the exploration and development of gold. The company’s assets are situated in Nicaragua, Colombia, Namibia and Uruguay. B2Gold Corp. is headquartered in Vancouver, Canada. “
Several other research analysts have also recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating and set a $4.75 price objective on shares of B2Gold Corp in a research report on Saturday. Dundee Securities raised B2Gold Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 20th. TD Securities reaffirmed a “buy” rating and set a $5.50 price objective (up from $4.00) on shares of B2Gold Corp in a research report on Wednesday, August 10th. Raymond James Financial Inc. reissued an “outperform” rating and set a $5.00 price target (up from $3.75) on shares of B2Gold Corp in a research report on Monday, August 8th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $5.50 price target (up from $5.00) on shares of B2Gold Corp in a research report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $4.78.
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Shares of B2Gold Corp (NYSE:BTG) traded up 4.31% on Tuesday, reaching $2.66. The company’s stock had a trading volume of 2,929,018 shares. The firm’s market cap is $2.50 billion. The company’s 50 day moving average is $2.65 and its 200-day moving average is $2.48. B2Gold Corp has a 1-year low of $0.60 and a 1-year high of $3.65.
Hedge funds have recently added to or reduced their stakes in the stock. AXA acquired a new stake in B2Gold Corp during the second quarter valued at about $100,000. Bank of New York Mellon Corp raised its stake in 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 valued at $122,000 after buying an additional 5,360 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in B2Gold Corp during the third quarter valued at about $131,000. Jefferies Group LLC acquired a new stake in B2Gold Corp during the second quarter valued at about $191,000. Finally, A.R.T. Advisors LLC acquired a new stake in B2Gold Corp during the second quarter valued at about $206,000.
B2Gold Corp Company Profile
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