The precious metal is trading higher after the Federal Reserve indicated yesterday afternoon that U.S. interest rates may rise more slowly than expected following its policy meeting, according to Reuters.
Gold futures for August delivery was up 1.98% to $1,200.10 an ounce as of 12:59 p.m. ET today, while spot gold was nearly flat at $1,200.26 an ounce as of 1:09 p.m. ET.
About 3.01 million shares have changed hands as of 1:07 p.m. ET today, compared to its average trading volume of about 1.87 million shares a day.
Canada-based B2Gold is a gold producer with three operating mines including two in Nicaragua and one in the Philippines, as well as a portfolio of development and exploration assets in Namibia, Nicaragua, Mali, Burkina Faso and Colombia.
Separately, TheStreet Ratings team rates B2GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate B2GOLD CORP (BTG) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself."