In a new note to investors today, an analyst has provided a rating update for B2Gold Corp. J (BTO). National Bank’s analyst Don DeMarco reiterates their Buy rating on the shares, with a C$7 price target.
According to TipRanks.com, DeMarco is a 5-star analyst with an average return of 13.7% and a 79.7% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Kirkland Lake Gold Ltd, and First Majestic Silver.
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Currently, the analyst consensus on B2Gold Corp. J is a Strong Buy with an average price target of C$5.92, representing a 49.1% upside. In a report issued on June 24, Canaccord Genuity also reiterated a Buy rating on the stock with a C$6.25 price target.
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B2Gold Corp. J’s market cap is currently C$3.9B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.76.
B2Gold Corp. engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine, Limon Mine, Other Mineral Properties, and Corporate and Other.
The company’s shares closed on Friday at C$3.97.
