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 “buy” rating to a “hold” rating in a research report issued 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 also recently issued reports on BTG. National Bank Financial upgraded B2Gold Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. ValuEngine upgraded B2Gold Corp from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $4.38.
Shares of B2Gold Corp (BTG) opened at 2.78 on Thursday. The firm’s 50 day moving average is $2.75 and its 200 day moving average is $2.66. The firm has a market capitalization of $2.72 billion and a PE ratio of 47.12. B2Gold Corp has a 1-year low of $2.02 and a 1-year high of $3.55.
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Institutional investors and hedge funds have recently modified their holdings of the company. BlueCrest Capital Management Ltd acquired a new position in shares of B2Gold Corp in the 2nd quarter valued at about $112,000. Virtu Financial LLC acquired a new position in shares of B2Gold Corp in the 2nd quarter valued at about $120,000. Alliancebernstein L.P. acquired a new position in shares of B2Gold Corp in the 2nd quarter valued at about $124,000. World Asset Management Inc acquired a new position in shares of B2Gold Corp in the 2nd quarter valued at about $155,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 purchasing an additional 10,800 shares during the period.
About B2Gold Corp
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