B2Gold (BTO) Rating Reiterated by Scotiabank
B2Gold (TSE:BTO) (NYSE:BTG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a research note issued to investors on Tuesday. They currently have a C$5.00 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 29.87% from the stock’s current price.
Several other brokerages have also commented on BTO. National Bank Financial upped their price target on B2Gold from C$6.50 to C$7.00 in a research note on Friday, January 26th. Canaccord Genuity upped their price target on B2Gold from C$6.00 to C$6.50 in a research note on Friday, January 19th. Eight Capital upped their price target on B2Gold from C$4.50 to C$4.75 in a research note on Monday, November 27th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$5.00 price target on shares of B2Gold in a research note on Tuesday, December 5th. Seven research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$5.47.
Shares of B2Gold (TSE BTO) opened at C$3.85 on Tuesday. The company has a market capitalization of $3,830.00, a PE ratio of 96.25 and a beta of 0.45. B2Gold has a 12 month low of C$2.96 and a 12 month high of C$4.23.
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B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).
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