In a report issued on January 14, Carey MacRury from Canaccord Genuity maintained a Buy rating on B2Gold (BTG), with a price target of C$11.00. The company’s shares closed last Thursday at $4.61.
According to TipRanks.com, MacRury is a 5-star analyst with an average return of 16.1% and a 60.3% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Golden Star Resources, and Osisko Gold Royalties.
Currently, the analyst consensus on B2Gold is a Strong Buy with an average price target of $8.37, implying a 75.8% upside from current levels. In a report issued on January 18, Raymond James also maintained a Buy rating on the stock with a C$8.00 price target.
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Based on B2Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $480 million and net profit of $168 million. In comparison, last year the company earned revenue of $314 million and had a net profit of $177 million.
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B2Gold Corp. is an exploration company. The firm engages in the acquisition and development of mineral properties. It operates through the following segments: Fekola Mine, Otjikoto Mine, Masbate Mine, Libertad Mine and Limon Mine. The company was founded by Mark Anthony Corra, Thomas A. Garagan, Clive Thomas Johnson and Roger Thomas Richer on November 30, 2006 and is headquartered in Vancouver, Canada.
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