B2Gold Corp (NYSE:BTG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.

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. “

BTG has been the topic of several other research reports. Dundee Securities upgraded shares of B2Gold Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, September 20th. Scotiabank reiterated an “outperform” rating and issued a $4.75 target price on shares of B2Gold Corp in a report on Wednesday, September 28th. TD Securities reiterated a “buy” rating and issued a $5.50 target price (up previously from $4.00) on shares of B2Gold Corp in a report on Wednesday, August 10th. National Bank Financial reiterated a “sector perform” rating and issued a $4.50 target price (up previously from $4.20) on shares of B2Gold Corp in a report on Monday, August 8th. Finally, Clarus Securities upgraded shares of B2Gold Corp from a “hold” rating to a “buy” rating in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $4.69.

Analyst Recommendations for B2Gold Corp (NYSE:BTG)

B2Gold Corp (NYSE:BTG) opened at 2.55 on Friday. B2Gold Corp has a one year low of $0.60 and a one year high of $3.65. The firm has a 50-day moving average of $2.65 and a 200-day moving average of $2.48. The company’s market cap is $2.40 billion.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of B2Gold Corp during the second quarter worth about $1,082,000. CIBC World Markets Inc. raised its position in shares of B2Gold Corp by 21.3% in the second quarter. CIBC World Markets Inc. now owns 387,688 shares of the company’s stock worth $973,000 after buying an additional 67,960 shares during the last quarter. Shell Asset Management Co. raised its position in shares of B2Gold Corp by 27.2% in the second quarter. Shell Asset Management Co. now owns 101,540 shares of the company’s stock worth $329,000 after buying an additional 21,700 shares during the last quarter. Bank of Montreal Can bought a new position in shares of B2Gold Corp during the second quarter worth about $17,662,000. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $122,000 after buying an additional 5,360 shares during the last quarter.

About B2Gold Corp

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