Shares of B2Gold Corp. (TSE:BTO) (NYSE:BTG) have been given an average recommendation of “Buy” by the nine research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$5.83.
BTO has been the subject of a number of recent research reports. Pi Financial lifted their target price on B2Gold from C$5.10 to C$5.50 in a report on Wednesday, July 24th. BMO Capital Markets lifted their target price on B2Gold from C$5.50 to C$6.00 in a report on Thursday. Eight Capital lifted their target price on B2Gold from C$5.15 to C$6.50 in a report on Thursday. Royal Bank of Canada lifted their target price on B2Gold from C$4.25 to C$4.75 in a report on Wednesday, June 26th. Finally, Raymond James reiterated an “outperform” rating and issued a C$4.50 target price on shares of B2Gold in a report on Wednesday, July 3rd.
In other B2Gold news, Senior Officer Hugh Mackinnon sold 15,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of C$4.03, for a total value of C$60,450.00. Following the sale, the insider now directly owns 322,654 shares in the company, valued at C$1,300,295.62. Also, Director Robert Gayton sold 40,000 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of C$3.98, for a total value of C$159,200.00. Following the completion of the sale, the director now owns 279,000 shares in the company, valued at C$1,110,420. Over the last 90 days, insiders sold 60,000 shares of company stock worth $240,150.
B2Gold Company Profile
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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