Yesterday, an analyst has provided a rating update for B2Gold Corp. J (BTO). Analyst Brian MacArthur from Raymond James rated B2Gold Corp. J (BTO) a Buy, setting a C$5 price target.
According to TipRanks.com, MacArthur is a 2-star analyst with an average return of 0.1% and a 49.2% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Currently, the analyst consensus on B2Gold Corp. J is a Strong Buy with an average price target of C$5.68.
Based on B2Gold Corp. J’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$13.85 million. In comparison, last year the company had a net profit of C$37.98 million.
B2Gold Corp. engages in the exploration and development of gold mines. It operates through the following segments: Mining Operations, Other Mineral Properties, and Corporate and Other segments. The Mining Operations segment includes the Fekola, Otjikoto, Masbate, Libertad and Limon mines.
The company’s shares closed on Thursday at C$4.22.
