B2Gold Corp (NYSE:BTG) (TSE:BTO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $3.25 price objective on the basic materials company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 17.33% 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. “

A number of other research analysts also recently weighed in on the company. National Bank Financial upgraded B2Gold Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. ValuEngine raised B2Gold Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub raised B2Gold Corp from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. B2Gold Corp presently has an average rating of “Buy” and an average target price of $4.38.

B2Gold Corp (BTG) traded down 0.71% on Wednesday, hitting $2.79. The stock had a trading volume of 4,606,797 shares. The company has a market cap of $2.73 billion and a P/E ratio of 46.50. The stock has a 50 day moving average price of $2.73 and a 200 day moving average price of $2.66. B2Gold Corp has a 1-year low of $2.02 and a 1-year high of $3.55.

COPYRIGHT VIOLATION NOTICE: This article was first reported by American Banking News and is owned by of American Banking News. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/10/11/b2gold-corp-btg-stock-rating-upgraded-by-zacks-investment-research.html.

A number of hedge funds have recently added to or reduced their stakes in BTG. Bank of New York Mellon Corp lifted its position in B2Gold Corp by 11.9% in the 1st quarter. Bank of New York Mellon Corp now owns 130,721 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 13,853 shares in the last quarter. Credit Agricole S A lifted its position in B2Gold Corp by 8.1% in the 1st quarter. Credit Agricole S A now owns 1,174,350 shares of the basic materials company’s stock valued at $3,323,000 after acquiring an additional 87,900 shares in the last quarter. Legal & General Group Plc lifted its position in B2Gold Corp by 19.5% in the 1st quarter. Legal & General Group Plc now owns 100,974 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 16,500 shares in the last quarter. Vanguard Group Inc. lifted its position in B2Gold Corp by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 18,536,977 shares of the basic materials company’s stock valued at $52,459,000 after acquiring an additional 995,190 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in B2Gold Corp by 13.5% in the 1st quarter. Renaissance Technologies LLC now owns 11,332,097 shares of the basic materials company’s stock valued at $32,076,000 after acquiring an additional 1,350,100 shares in the last quarter.

B2Gold Corp Company Profile

Get a free copy of the Zacks research report on B2Gold Corp (BTG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.