In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, B2Gold Corp. J (BTO). Today, analyst Steven Butler gave a Buy rating to BTO and set a C$5.10 price target.
According to TipRanks.com, Butler is ranked 0 out of 5 stars with an average return of -7.4% and a 34.7% success rate. Butler covers the Basic Materials sector, focusing on stocks such as Barrick Gold Corporation, Eldorado Gold Corp, and Agnico Eagle.
Currently, the analyst consensus on B2Gold Corp. J is a Strong Buy with an average price target of C$6, which is a 47.8% upside from current levels. In a report issued on January 28, Macquarie also reiterated a Buy rating on the stock with a C$6 price target.
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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 Tuesday at C$4.06, close to its 52-week high of C$4.17.
