Zacks Investment Research cut shares of B2Gold Corp (NYSE:BTG) (TSE:BTO) from a strong-buy rating to a hold rating in a research note published on Tuesday.

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 analysts have also recently weighed in on the stock. 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 research note on Wednesday, September 28th. Finally, TD Securities reiterated a buy rating and issued a $5.50 target price on shares of B2Gold Corp in a research note on Sunday, November 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $4.78.

Analyst Recommendations for B2Gold Corp (NYSE:BTG)

B2Gold Corp (NYSE:BTG) traded up 0.36% during midday trading on Tuesday, reaching $2.76. 5,983,650 shares of the company traded hands. The company has a 50 day moving average price of $2.40 and a 200-day moving average price of $2.72. B2Gold Corp has a one year low of $0.60 and a one year high of $3.65. The stock’s market capitalization is $2.64 billion.

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Several institutional investors have recently bought and sold shares of the stock. AXA purchased a new position in B2Gold Corp during the second quarter valued at $100,000. Global X Management Co. LLC purchased a new position in B2Gold Corp during the third quarter valued at $100,000. Bank of New York Mellon Corp raised its position in 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 valued at $122,000 after buying an additional 5,360 shares during the period. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in B2Gold Corp during the third quarter valued at $131,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in B2Gold Corp by 14.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,850 shares of the company’s stock valued at $157,000 after buying an additional 7,448 shares during the period.

B2Gold Corp Company Profile

5 Day Chart for NYSE:BTG

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