CIBC downgraded B2Gold to Neutral from Outperformer with a price target of $3.60, down from $4.20, after having updated the firm’s model for the company’s weaker-than-expected 2024 production, costs and capex guidance and 2025 production outlook.
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Read More on BTG:
- B2Gold price target lowered to C$6.50 from C$7.50 at BMO Capital
- B2Gold guides 2024 gold production at 860K-940K oz
- B2Gold reports Q4 gold production 288.7K oz
- B2Gold Announces Total Gold Production for Q4 2023 of 288,665 oz; Total Gold Production for 2023 of 1,061,060 oz, Achieving Upper Half of 2023 Guidance; 2024 Guidance, Preliminary 2025 Production Outlook and Gold Prepay Arrangement
- B2Gold price target raised to C$7.50 from C$7 at Scotiabank
