The Zacks Investment Research Upgrades B2Gold Corp (BTG) to “Buy”

The Zacks Investment Research Upgrades B2Gold Corp (BTG) to “Buy”

Zacks Investment Research upgraded shares of B2Gold Corp (NYSE:BTG) (TSE:BTO) from a hold rating to a buy rating in a research note published on Wednesday morning. The brokerage currently has $3.25 price objective on the basic materials company’s 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 analysts have also commented on the stock. National Bank Financial reaffirmed a sector perform market weight rating on shares of B2Gold Corp in a report on Monday, July 31st. ValuEngine raised shares of B2Gold Corp from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of B2Gold Corp from a sell rating to a hold rating in a research report on Saturday, August 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $4.38.

B2Gold Corp (NYSE:BTG) opened at 2.78 on Wednesday. The company has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.66. The company has a market capitalization of $2.72 billion and a price-to-earnings ratio of 47.12. B2Gold Corp has a one year low of $2.02 and a one year high of $3.55.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd bought a new stake in B2Gold Corp in the 2nd quarter valued at $112,000. Virtu Financial LLC bought a new stake in B2Gold Corp in the 2nd quarter valued at $120,000. Alliancebernstein L.P. bought a new stake in B2Gold Corp in the 2nd quarter valued at $124,000. World Asset Management Inc bought a new stake in B2Gold Corp in the 2nd quarter valued at $155,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in B2Gold Corp by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock valued at $199,000 after acquiring an additional 10,800 shares in the last quarter.

B2Gold Corp Company Profile

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