B2Gold (TSE:BTO – Get Free Report) (NYSE:BTG) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, BayStreet.CA reports.
A number of other research firms also recently weighed in on BTO. Cormark upped their target price on B2Gold from C$5.00 to C$5.50 in a research report on Thursday, June 20th. Cibc World Mkts downgraded shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Stifel Nicolaus dropped their price target on B2Gold from C$6.50 to C$6.00 in a report on Friday, April 19th. Eight Capital reduced their price objective on B2Gold from C$7.25 to C$7.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of B2Gold from C$7.00 to C$7.25 in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.97.
Check Out Our Latest Stock Report on B2Gold
B2Gold Stock Performance
Insiders Place Their Bets
In other B2Gold news, Senior Officer Randall Chatwin sold 12,520 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total value of C$46,574.40. In other B2Gold news, Senior Officer Daniel Bruce Moore sold 150,000 shares of B2Gold stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$3.88, for a total transaction of C$582,000.00. Also, Senior Officer Randall Chatwin sold 12,520 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$3.72, for a total transaction of C$46,574.40. Over the last quarter, insiders have sold 162,558 shares of company stock valued at $628,717. 0.70% of the stock is currently owned by corporate insiders.
About B2Gold
B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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