The latest update is out from B2Gold ( (TSE:BTO) ).
B2Gold Corp. has received approval from the Toronto Stock Exchange to implement a normal course issuer bid, allowing the company to repurchase up to 5% of its outstanding shares over the next year. This move is part of B2Gold’s amended shareholder return strategy, reflecting the company’s belief that its shares may be undervalued and that repurchasing shares is a desirable use of capital, potentially impacting its market valuation and shareholder value.
More about B2Gold
B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, the company operates gold mines in Mali, Namibia, and the Philippines, with the Goose Project under construction in northern Canada. B2Gold also has development and exploration projects in countries including Mali, Colombia, and Finland.
YTD Price Performance: 17.77%
Average Trading Volume: 35,603,667
Technical Sentiment Signal: Sell
Current Market Cap: $3.8B
See more insights into BTO stock on TipRanks’ Stock Analysis page.