B2Gold Corp. (TSE:BTO) (NYSE:BTG) shares dropped 3.8% during mid-day trading on Tuesday . The company traded as low as C$3.80 and last traded at C$3.83. Approximately 2,626,112 shares were traded during trading, a decline of 20% from the average daily volume of 3,300,918 shares. The stock had previously closed at C$3.98.
BTO has been the subject of a number of research reports. National Bank Financial increased their price objective on B2Gold from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, January 12th. Scotiabank set a C$5.00 price objective on B2Gold and gave the stock an “outperform” rating in a report on Friday, February 23rd. Canaccord Genuity increased their price objective on B2Gold from C$6.00 to C$6.50 in a report on Friday, January 19th. Eight Capital increased their price objective on B2Gold from C$4.50 to C$4.75 in a report on Monday, November 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$5.00 price objective on shares of B2Gold in a report on Tuesday, December 5th. Seven analysts have rated the stock with a buy rating, B2Gold currently has a consensus rating of “Buy” and a consensus price target of C$5.47.
The stock has a market capitalization of $3,760.00, a P/E ratio of 95.25 and a beta of 0.48.
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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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