Royal Bank of Canada assumed coverage on shares of B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) in a report published on Wednesday morning, TipRanks reports. The brokerage issued a buy rating and a $4.50 price target on the basic materials company’s stock.

A number of other analysts also recently commented on the stock. Scotiabank set a $5.30 price target on shares of B2Gold and gave the stock a buy rating in a research report on Wednesday, September 18th. Raymond James reaffirmed a buy rating and issued a $6.25 price target on shares of B2Gold in a research note on Friday, November 8th. TheStreet upgraded shares of B2Gold from a c rating to a b- rating in a report on Friday, August 16th. Finally, Zacks Investment Research upgraded shares of B2Gold from a hold rating to a buy rating and set a $4.00 price objective on the stock in a research note on Thursday, November 21st. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of $5.01.

Shares of NYSEAMERICAN BTG opened at $3.63 on Wednesday. B2Gold has a fifty-two week low of $2.40 and a fifty-two week high of $4.02.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $310.78 million during the quarter.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in B2Gold by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 26,481,250 shares of the basic materials company’s stock valued at $80,237,000 after acquiring an additional 1,217,224 shares during the last quarter. CoreCommodity Management LLC boosted its position in shares of B2Gold by 20.2% during the 2nd quarter. CoreCommodity Management LLC now owns 63,100 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 10,600 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of B2Gold by 4.3% in the 2nd quarter. Alps Advisors Inc. now owns 2,346,628 shares of the basic materials company’s stock worth $7,110,000 after purchasing an additional 95,762 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of B2Gold by 4.7% in the 2nd quarter. CIBC Asset Management Inc now owns 1,035,206 shares of the basic materials company’s stock worth $3,146,000 after purchasing an additional 46,145 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of B2Gold by 55.8% in the 2nd quarter. Acadian Asset Management LLC now owns 3,440,084 shares of the basic materials company’s stock worth $10,481,000 after purchasing an additional 1,232,184 shares during the last quarter.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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