Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been assigned an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$5.41.
A number of analysts recently weighed in on the stock. Canaccord Genuity raised their target price on shares of B2Gold from C$6.00 to C$6.50 in a report on Friday. Eight Capital set a C$4.50 target price on shares of B2Gold and gave the stock a “buy” rating in a report on Monday, September 25th. National Bank Financial upgraded shares of B2Gold from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$5.00 to C$6.00 in a report on Monday, September 25th. Scotiabank restated an “outperform” rating and set a C$4.75 target price on shares of B2Gold in a report on Thursday, November 9th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$5.00 target price on shares of B2Gold in a report on Tuesday, December 5th.
B2Gold (BTO) traded up C$0.02 during midday trading on Friday, hitting C$3.80. 2,617,800 shares of the company were exchanged, compared to its average volume of 3,182,005. B2Gold has a fifty-two week low of C$2.96 and a fifty-two week high of C$4.64. The firm has a market capitalization of $3,720.00, a price-to-earnings ratio of 95.00 and a beta of 0.59.
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B2Gold Company Profile
B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).
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