Brokerages Set B2Gold Corp (BTG) Price Target at $4.00

Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) have received an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.00.

Several equities research analysts have recently issued reports on BTG shares. BidaskClub raised B2Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine raised B2Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. National Bank Financial raised B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. Finally, Zacks Investment Research raised B2Gold from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday, October 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of BTG. BlueCrest Capital Management Ltd bought a new stake in B2Gold during the second quarter worth approximately $112,000. Alliancebernstein L.P. bought a new stake in B2Gold during the second quarter worth approximately $124,000. World Asset Management Inc bought a new stake in B2Gold during the second quarter worth approximately $155,000. Virtu Financial LLC increased its stake in B2Gold by 201.6% during the third quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock worth $177,000 after acquiring an additional 86,302 shares during the last quarter. Finally, ARP Americas LLC increased its stake in B2Gold by 63.7% during the third quarter. ARP Americas LLC now owns 69,666 shares of the basic materials company’s stock worth $192,000 after acquiring an additional 27,100 shares during the last quarter.

Shares of B2Gold (NYSEAMERICAN:BTG) traded up $0.03 during mid-day trading on Thursday, hitting $2.63. The stock had a trading volume of 2,080,000 shares, compared to its average volume of 2,790,000. B2Gold has a 1 year low of $2.02 and a 1 year high of $3.55.

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