Zacks Investment Research downgraded shares of B2Gold Corp (NYSE:BTG) (TSE:BTO) from a buy rating to a hold rating in a research report released 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. “
A number of other analysts have also recently issued reports on the stock. National Bank Financial upgraded shares of B2Gold Corp from a sector perform market weight rating to an outperform market weight rating in a research note on Monday, September 25th. ValuEngine upgraded shares of B2Gold Corp from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of B2Gold Corp from a sell rating to a hold rating in a research note 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’s stock. B2Gold Corp currently has an average rating of Buy and a consensus target price of $4.38.
B2Gold Corp (BTG) opened at 2.78 on Thursday. The firm has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.66. The stock has a market capitalization of $2.72 billion and a price-to-earnings ratio of 47.12. B2Gold Corp has a 52-week low of $2.02 and a 52-week high of $3.55.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Credit Suisse AG lifted its stake in shares of B2Gold Corp by 67.8% during the 1st quarter. Credit Suisse AG now owns 1,050,636 shares of the basic materials company’s stock worth $2,973,000 after buying an additional 424,516 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in B2Gold Corp by 4,541.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 121,841 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 119,216 shares in the last quarter. Renaissance Technologies LLC raised its stake in B2Gold Corp by 13.5% in the 1st quarter. Renaissance Technologies LLC now owns 11,332,097 shares of the basic materials company’s stock worth $32,076,000 after purchasing an additional 1,350,100 shares in the last quarter. Vanguard Group Inc. raised its stake in B2Gold Corp by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 18,536,977 shares of the basic materials company’s stock worth $52,459,000 after purchasing an additional 995,190 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in B2Gold Corp by 6.3% in the 2nd quarter. Royal Bank of Canada now owns 24,336,347 shares of the basic materials company’s stock worth $68,384,000 after purchasing an additional 1,439,521 shares in the last quarter.
About B2Gold Corp
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