B2Gold Corp. Receives “Focus Stock” Rating from Scotiabank (BTO)

B2Gold Corp. (TSE:BTO)‘s stock had its “focus stock” rating reaffirmed by stock analysts at Scotiabank in a report issued on Monday. They currently have a C$4.00 price target on the stock. Scotiabank’s target price indicates a potential upside of 44.40% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC cut their price target on shares of B2Gold Corp. from C$5.00 to C$4.50 in a research note on Thursday, June 5th. They now have a “sector outperform” rating on the stock. Separately, analysts at Dundee Securities cut their price target on shares of B2Gold Corp. from C$4.25 to C$3.75 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial cut their price target on shares of B2Gold Corp. from C$4.00 to C$3.50 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. B2Gold Corp. has an average rating of “Buy” and an average price target of C$3.99.

B2Gold Corp. traded up 1.44% during mid-day trading on Monday, hitting $2.81. The stock had a trading volume of 3,986,356 shares. B2Gold Corp. has a 52 week low of $1.87 and a 52 week high of $3.69. The stock’s 50-day moving average is $2.8 and its 200-day moving average is $2.80. The company has a market cap of $1.904 billion and a P/E ratio of 43.97.

B2Gold Corp. is a gold producer with mining operations in Nicaragua and a portfolio of development and exploration assets in Colombia, Nicaragua and Uruguay.