RBC Capital analyst Josh Wolfson maintained a Hold rating on B2Gold (BTG – Research Report) on December 5 and set a price target of $5.50. The company’s shares closed yesterday at $3.35.
According to TipRanks, Wolfson is a 2-star analyst with an average return of 0.0% and a 53.21% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Barrick Gold, and Wheaton Precious Metals.
Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $5.73.
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Based on B2Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $392.55 million and a GAAP net loss of $23.41 million. In comparison, last year the company earned a revenue of $510.86 million and had a net profit of $123.11 million
Based on the recent corporate insider activity of 83 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.
Read More on BTG:
- Cheap Dividends: The Best Dividend Stocks Under $5
- B2Gold Declares Fourth Quarter 2022 Dividend of $0.04 per Share
- B2Gold Reports Q3 2022 Results; Full-Year 2022 Total Consolidated Gold Production and Cost Guidance Remains Unchanged; Year-to-Date Operating Costs and All-In Sustaining Costs In Line with Budget despite Lower than Expected Gold Production