Price Target Update on B2Gold Corp (NYSEMKT:BTG)

B2Gold Corp (NYSEMKT:BTG) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $3 and the lowest price target forecast is $2. The average forecast of all the analysts is $2.09 and the expected standard deviation is $0.47.

B2Gold Corp (NYSEMKT:BTG): On Thursdays trading session , Opening price of the stock was $2.21 with an intraday high of $2.22. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.15. However, the stock managed to close at $2.18, a loss of 2.24% for the day. On the previous day, the stock had closed at $2.23. The total traded volume of the day was 2,150,095 shares.

The company shares have rallied 37.65% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $2.35 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $2.04 and the 200 Day Moving Average price is recorded at $1.47.

B2Gold Corp. (B2Gold) is a gold producer with three operating mines (two in Nicaragua and one in the Philippines), a fourth mine which entered into the commissioning and testing phase in Namibia and a portfolio of development and exploration assets in Mali, Colombia, Burkina Faso and Nicaragua. The Company operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia. The Company has an effective 81% interest in the Kiaka gold project in Burkina Faso, a 49% interest in the Gramalote property in Colombia, and an interest in the Quebradona property in Colombia. In addition, B2Gold has 90% interest in the Fekola Project in Mali. Its subsidiaries include Philippines Gold Processing & Refining Corporation, Desarrollo Minero de Nicaragua, S.A., Triton Minera S.A., B2Gold Namibia (Pty) Ltd., Songhoi Resources SARL, Kiaka Gold SARL, Mocoa Ventures Ltd. and Minesa Nueva Esperanza S.A.

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