National Bank analyst Don DeMarco maintained a Buy rating on B2Gold (BTG – Research Report) today and set a price target of C$5.50. The company’s shares opened today at $2.73.
DeMarco covers the Basic Materials sector, focusing on stocks such as Fortuna Silver Mines, Pan American Silver, and B2Gold. According to TipRanks, DeMarco has an average return of 3.1% and a 45.98% success rate on recommended stocks.
Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $4.63, which is a 69.60% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $4.00 price target.
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Based on B2Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $477.89 million and a GAAP net loss of $43.07 million. In comparison, last year the company earned a revenue of $392.55 million and had a GAAP net loss of $23.41 million
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B2Gold (BTG) Company Description:
B2Gold Corp. is an exploration company. The firm engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.
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