B2Gold (TSE:BTO) (NYSE:BTG) has been assigned a C$5.00 price target by research analysts at Scotiabank in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 29.87% from the company’s previous close.
Several other equities research analysts have also commented on the stock. National Bank Financial lifted their price target on shares of B2Gold from C$6.50 to C$7.00 in a research note on Friday, January 26th. BMO Capital Markets reiterated an “outperform” rating and set a C$5.00 price target on shares of B2Gold in a research note on Tuesday, December 5th. Eight Capital lifted their price target on shares of B2Gold from C$4.50 to C$4.75 in a research note on Monday, November 27th. Finally, Canaccord Genuity lifted their price target on shares of B2Gold from C$6.00 to C$6.50 in a research note on Friday, January 19th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$5.47.
Shares of B2Gold (BTO) traded up C$0.18 during trading hours on Friday, reaching C$3.85. 5,953,958 shares of the company traded hands, compared to its average volume of 3,303,841. B2Gold has a 12-month low of C$2.96 and a 12-month high of C$4.64. The firm has a market cap of $3,600.00, a price-to-earnings ratio of 96.00 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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