B2Gold (BTG) Receives a Hold from RBC Capital

In a report released on October 11, Josh Wolfson from RBC Capital maintained a Hold rating on B2Gold (BTGResearch Report), with a price target of $5.50. The company’s shares closed yesterday at $3.10.

Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Gold Fields, and Anglogold Ashanti. According to TipRanks, Wolfson has an average return of -3.1% and a 40.71% success rate on recommended stocks.

Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $5.89.

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The company has a one-year high of $4.96 and a one-year low of $2.81. Currently, B2Gold has an average volume of 10.88M.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BTG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

B2Gold Corp. is an exploration company. The firm engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.

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