BMO Capital Sticks to Their Buy Rating for B2Gold (BTG)

In a report released today, Brian Quast from BMO Capital maintained a Buy rating on B2Gold (BTGResearch Report), with a price target of C$7.00. The company’s shares opened today at $3.01.

According to TipRanks, Quast is an analyst with an average return of -3.3% and a 36.52% success rate. Quast covers the Basic Materials sector, focusing on stocks such as B2Gold, Lundin Gold, and Eldorado Gold.

B2Gold has an analyst consensus of Strong Buy, with a price target consensus of $5.86, representing a 94.68% upside. In a report released on October 13, National Bank also maintained a Buy rating on the stock with a C$7.00 price target.

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BTG market cap is currently $3.15B and has a P/E ratio of 8.26.

Based on the recent corporate insider activity of 86 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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