Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on B2Gold (BTG – Research Report) today and set a price target of C$6.50. The company’s shares closed yesterday at $2.48.
According to TipRanks, Rico is a 5-star analyst with an average return of 11.2% and a 63.36% success rate. Rico covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, B2Gold, and Franco-Nevada.
Currently, the analyst consensus on B2Gold is a Moderate Buy with an average price target of $3.57, a 43.95% upside from current levels. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a $3.50 price target.
Based on B2Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $448.23 million and a GAAP net loss of $633.76 million. In comparison, last year the company earned a revenue of $477.89 million and had a GAAP net loss of $43.07 million
Based on the recent corporate insider activity of 95 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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