Zacks Investment Research lowered shares of B2Gold Corp (NYSE:BTG) from a hold rating to a sell rating in a research report report published on Monday, MarketBeat reports.

According to Zacks, “B2Gold Corp. is involved in the exploration and development of gold. The company’s assets are situated in Nicaragua, Colombia, Namibia and Uruguay. B2Gold Corp. is headquartered in Vancouver, Canada. “

B2Gold Corp (NYSE:BTG) opened at 0.635 on Monday. B2Gold Corp has a 12 month low of $0.60 and a 12 month high of $2.10. The company’s market capitalization is $588.46 million. The company’s 50-day moving average price is $0.98 and its 200 day moving average price is $1.12.

Separately, RBC Capital reiterated an outperform rating on shares of B2Gold Corp in a research note on Tuesday, December 15th.

A hedge fund recently raised its stake in B2Gold Corp stock. CIBC World Markets boosted its stake in shares of B2Gold Corp (NYSE:BTG) by 263.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,685,714 shares of the company’s stock after buying an additional 1,222,273 shares during the period. CIBC World Markets’ holdings in B2Gold Corp were worth $1,719,000 as of its most recent filing with the SEC.

B2Gold Corp. (NYSE:BTG) 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.

12 Month Chart for NYSE:BTG

Get a free copy of the Zacks research report on B2Gold Corp (BTG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for B2Gold Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold Corp and related companies with MarketBeat.com's FREE daily email newsletter.