Could B2Gold Corp. See a Reversal After This Very Weak Session?

 Could B2Gold Corp. See a Reversal After This Very Weak Session?

The stock of B2Gold Corp. (TSE:BTO) is a huge mover today! About 4.83M shares traded hands. B2Gold Corp. (TSE:BTO) has risen 81.48% since March 31, 2016 and is uptrending. It has outperformed by 80.39% the S&P500.
The move comes after 9 months negative chart setup for the $3.56B company. It was reported on Nov, 4 by Barchart.com. We have $3.63 PT which if reached, will make TSE:BTO worth $249.20M less.

B2Gold Corp. (TSE:BTO) Ratings Coverage

Out of 6 analysts covering B2gold Corp. (TSE:BTO), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $25 is the highest target while $1.80 is the lowest. The $3.84 average target is -1.54% below today’s ($3.9) stock price. B2gold Corp. has been the topic of 17 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Outperform” rating in Friday, October 14 report. The company was maintained on Wednesday, October 19 by B2Gold Corp.. The stock has “Outperform” rating given by Scotia Capital on Friday, October 21. The company was reinitiated on Thursday, February 4 by Dundee Securities. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 24. Dundee Securities upgraded the stock to “Buy” rating in Tuesday, September 20 report. The company was initiated on Thursday, February 4 by JP Morgan.

More recent B2Gold Corp. (TSE:BTO) news were published by: Reuters.com which released: “BRIEF-B2Gold Corp qtrly adjusted earnings per share $0.05” on November 03, 2016. Also Finance.Yahoo.com published the news titled: “Investor Calendar Invites You to the B2Gold Corp. Third Quarter 2016 Earnings …” on November 02, 2016. Marketwired.com‘s news article titled: “B2Gold Corp.: Third Quarter and Year-to-Date 2016 Results – Conference Call” with publication date: October 28, 2016 was also an interesting one.

B2Gold Corp. is a Canada-based gold producer with approximately four operating mines and one mine under construction. The company has a market cap of $3.56 billion. The Firm has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. It currently has negative earnings.

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