B2Gold (BTG) Receives a Hold from RBC Capital

In a report issued on January 10, Josh Wolfson from RBC Capital maintained a Hold rating on B2Gold (BTGResearch Report), with a price target of $5.75. The company’s shares closed last Tuesday at $3.57, close to its 52-week low of $3.30.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -0.9% and a 45.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Kirkland Lake Gold.

B2Gold has an analyst consensus of Moderate Buy, with a price target consensus of $6.44.

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Based on B2Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $511 million and net profit of $123 million. In comparison, last year the company earned revenue of $487 million and had a net profit of $263 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is neutral on the stock.

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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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