M Partners Keeps Their Buy Rating on B2Gold (BTG)

M Partners analyst Ben Pirie maintained a Buy rating on B2Gold (BTGResearch Report) on August 4 and set a price target of C$10.50. The company’s shares closed last Friday at $3.45.

Pirie covers the Basic Materials sector, focusing on stocks such as B2Gold, Osino Resources, and Atico Mining. According to TipRanks, Pirie has an average return of 4.3% and an 80.00% success rate on recommended stocks.

B2Gold has an analyst consensus of Strong Buy, with a price target consensus of $6.28, which is an 82.03% upside from current levels. In a report released on August 5, National Bank also maintained a Buy rating on the stock with a C$7.50 price target.

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BTG market cap is currently $3.66B and has a P/E ratio of 9.63.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BTG in relation to earlier this year.

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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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