B2Gold Corp (BTG) Rating Lowered to Hold at Zacks Investment Research
B2Gold Corp (NYSE:BTG) (TSE:BTO) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
Several other research firms have also recently weighed in on BTG. TD Securities reiterated a “buy” rating and set a $5.50 price objective on shares of B2Gold Corp in a report on Sunday, November 6th. Scotiabank reiterated an “outperform” rating and set a $4.75 price objective on shares of B2Gold Corp in a report on Sunday, October 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $4.91.
Shares of B2Gold Corp (NYSE:BTG) traded up 1.0089% during midday trading on Thursday, reaching $3.4141. 2,996,092 shares of the company’s stock were exchanged. B2Gold Corp has a 1-year low of $0.99 and a 1-year high of $3.65. The firm has a 50-day moving average of $2.93 and a 200-day moving average of $2.76. The company’s market capitalization is $3.26 billion.
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Large investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC purchased a new stake in B2Gold Corp during the third quarter valued at approximately $100,000. Boothbay Fund Management LLC boosted its stake in B2Gold Corp by 21.1% in the fourth quarter. Boothbay Fund Management LLC now owns 48,918 shares of the company’s stock valued at $116,000 after buying an additional 8,524 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in B2Gold Corp during the third quarter valued at approximately $131,000. ARP Americas LLC purchased a new stake in B2Gold Corp during the fourth quarter valued at approximately $149,000. Finally, Integrated Investment Consultants LLC boosted its stake in B2Gold Corp by 183.6% in the third quarter. Integrated Investment Consultants LLC now owns 181,500 shares of the company’s stock valued at $428,000 after buying an additional 117,500 shares during the last quarter.
About B2Gold Corp
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