B2Gold (BTG) Raised to Buy at Zacks Investment Research

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $3.25 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.64% from the stock’s previous close.

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. “

Shares of B2Gold (NYSEAMERICAN:BTG) traded down $0.03 during trading on Wednesday, hitting $2.86. The stock had a trading volume of 4,725,931 shares, compared to its average volume of 5,010,671. B2Gold has a one year low of $2.15 and a one year high of $3.30. The company has a market cap of $2,840.00, a PE ratio of 71.50 and a beta of 0.79.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point View Wealth Management Inc. bought a new stake in B2Gold in the 4th quarter valued at $100,000. Quantitative Systematic Strategies LLC bought a new stake in B2Gold in the 4th quarter valued at $117,000. Alliancebernstein L.P. bought a new stake in B2Gold in the 2nd quarter valued at $124,000. Virtu Financial LLC raised its stake in B2Gold by 201.6% in the 3rd quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 86,302 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in B2Gold in the 4th quarter valued at $396,000.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/03/14/b2gold-btg-raised-to-buy-at-zacks-investment-research.html.

About B2Gold

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).

Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply