Zacks Investment Research upgraded shares of B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) from a hold rating to a buy rating in a research note released on Wednesday morning. The brokerage currently has $3.25 price objective on the basic materials company’s stock.
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 (BTG) opened at $2.86 on Wednesday. The stock has a market capitalization of $2,840.00, a P/E ratio of 71.50 and a beta of 0.79. B2Gold has a 52-week low of $2.15 and a 52-week high of $3.30.
Several hedge funds have recently bought and sold shares of BTG. Point View Wealth Management Inc. acquired a new stake in B2Gold in the fourth quarter worth $100,000. Quantitative Systematic Strategies LLC acquired a new stake in B2Gold in the fourth quarter worth $117,000. Alliancebernstein L.P. acquired a new stake in B2Gold in the second quarter worth $124,000. Two Sigma Advisers LP acquired a new stake in B2Gold in the fourth quarter worth $396,000. Finally, Virtu Financial LLC increased its position in B2Gold by 201.6% in the third quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock worth $177,000 after buying an additional 86,302 shares during the period.
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B2Gold Company Profile
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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