Zacks Investment Research upgraded shares of B2Gold Corp (NYSE:BTG) from a sell rating to a buy rating in a report released on Tuesday. They currently have $2.75 price objective on the stock.

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 equities analysts have also commented on BTG. Scotiabank reaffirmed an outperform rating and issued a $4.75 price target on shares of B2Gold Corp in a report on Saturday. Dundee Securities raised B2Gold Corp from a neutral rating to a buy rating in a report on Tuesday, September 20th. TD Securities reaffirmed a buy rating and issued a $5.50 price target (up from $4.00) on shares of B2Gold Corp in a report on Wednesday, August 10th. Raymond James Financial Inc. reaffirmed an outperform rating and issued a $5.00 price target (up from $3.75) on shares of B2Gold Corp in a report on Monday, August 8th. Finally, RBC Capital Markets reaffirmed an outperform rating and issued a $5.50 price target (up from $5.00) on shares of B2Gold Corp in a report on Monday, August 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $4.78.

Analyst Recommendations for B2Gold Corp (NYSE:BTG)

Shares of B2Gold Corp (NYSE:BTG) traded up 3.233% during midday trading on Tuesday, reaching $2.746. The company had a trading volume of 1,029,141 shares. B2Gold Corp has a one year low of $0.60 and a one year high of $3.65. The company’s market capitalization is $2.58 billion. The company has a 50 day moving average of $2.64 and a 200 day moving average of $2.49.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTG. Van ECK Associates Corp increased its position in B2Gold Corp by 5.5% in the second quarter. Van ECK Associates Corp now owns 147,949,562 shares of the company’s stock valued at $371,319,000 after buying an additional 7,718,777 shares in the last quarter. Fiera Capital Corp increased its position in B2Gold Corp by 6.7% in the second quarter. Fiera Capital Corp now owns 36,023,039 shares of the company’s stock valued at $89,926,000 after buying an additional 2,268,319 shares in the last quarter. Vanguard Group Inc. increased its position in B2Gold Corp by 13.9% in the second quarter. Vanguard Group Inc. now owns 15,916,728 shares of the company’s stock valued at $39,950,000 after buying an additional 1,944,895 shares in the last quarter. Royal Bank of Canada increased its position in B2Gold Corp by 50.7% in the second quarter. Royal Bank of Canada now owns 11,194,736 shares of the company’s stock valued at $28,099,000 after buying an additional 3,767,486 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in B2Gold Corp by 50.3% in the second quarter. TD Asset Management Inc. now owns 9,434,900 shares of the company’s stock valued at $23,538,000 after buying an additional 3,155,875 shares in the last quarter.

About B2Gold Corp

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