Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on B2Gold (BTG – Research Report) today and set a price target of C$6.00. The company’s shares closed yesterday at $2.62.
Rico covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Eldorado Gold, and Kinross Gold. According to TipRanks, Rico has an average return of 3.4% and a 55.17% success rate on recommended stocks.
Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $4.30, implying a 64.12% upside from current levels. In a report released today, Scotiabank also assigned a Buy rating to the stock with a C$5.00 price target.
Based on B2Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $511.97 million and a GAAP net loss of $113.22 million. In comparison, last year the company earned a revenue of $592.47 million and had a net profit of $157.65 million
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BTG in relation to earlier this year.
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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.
