B2Gold Corp (NYSE:BTG) (TSE:BTO) has received a consensus rating of “Buy” from the ten brokerages that are covering the stock. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.07.

BTG has been the topic of several analyst reports. Zacks Investment Research upgraded B2Gold Corp from a “sell” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Tuesday, October 18th. Scotiabank restated an “outperform” rating and set a $4.75 price objective on shares of B2Gold Corp in a report on Sunday, November 6th. TD Securities restated a “buy” rating and set a $5.50 price objective on shares of B2Gold Corp in a report on Sunday, November 6th. Dundee Securities upgraded B2Gold Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, September 20th. Finally, National Bank Financial restated a “sector perform” rating and set a $4.50 price objective (up previously from $4.20) on shares of B2Gold Corp in a report on Monday, August 8th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised 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 during the period. Bank of Montreal Can bought a new position in B2Gold Corp during the second quarter valued at approximately $17,662,000. Morgan Stanley raised its position in B2Gold Corp by 152.5% in the third quarter. Morgan Stanley now owns 7,825,824 shares of the company’s stock valued at $20,581,000 after buying an additional 4,726,633 shares during the period. Royal Bank of Canada raised 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 during the period. Finally, Sprott Inc. raised its position in B2Gold Corp by 50.0% in the third quarter. Sprott Inc. now owns 9,528,992 shares of the company’s stock valued at $25,061,000 after buying an additional 3,175,373 shares during the period.

Shares of B2Gold Corp (NYSE:BTG) opened at 2.48 on Friday. B2Gold Corp has a 12-month low of $0.60 and a 12-month high of $3.65. The company has a 50 day moving average price of $2.59 and a 200 day moving average price of $2.63. The stock’s market cap is $2.37 billion.

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