In a report released today, Brian Quast from BMO Capital maintained a Buy rating on B2Gold (BTG – Research Report), with a price target of C$7.00. The company’s shares closed last Friday at $3.45.
Quast covers the Basic Materials sector, focusing on stocks such as B2Gold, Argonaut Gold, and Eldorado Gold. According to TipRanks, Quast has an average return of 0.2% and a 41.42% success rate on recommended stocks.
B2Gold has an analyst consensus of Strong Buy, with a price target consensus of $6.28, an 82.03% upside from current levels. In a report released on August 5, National Bank also maintained a Buy rating on the stock with a C$7.50 price target.
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The company has a one-year high of $5.07 and a one-year low of $3.10. Currently, B2Gold has an average volume of 13.47M.
Based on the recent corporate insider activity of 104 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 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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