In a new note to investors today, an analyst has provided a rating update for B2Gold Corp. J (BTO). Analyst Carey MacRury from Canaccord Genuity rated B2Gold Corp. J (BTO) a Buy, setting a C$6.50 price target.
According to TipRanks.com, MacRury is a top 100 analyst with an average return of 18.0% and a 80.0% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
Currently, the analyst consensus on B2Gold Corp. J is a Strong Buy with an average price target of C$5.65.
Based on B2Gold Corp. J’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$29.64 million. In comparison, last year the company had a net profit of C$26.86 million.
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$4.33, close to its 52-week high of C$4.40.
