Bank of America Securities Sticks to Their Sell Rating for B2Gold (BTG)

Bank of America Securities analyst Lawson Winder maintained a Sell rating on B2Gold on July 8 and set a price target of $4.00. The company’s shares closed yesterday at C$5.37.

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According to TipRanks, Winder is a 5-star analyst with an average return of 13.7% and a 52.88% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Pan American Silver, and Reliance Steel.

B2Gold has an analyst consensus of Hold, with a price target consensus of $5.99.

Based on B2Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.14 billion and a net profit of C$196.66 million. In comparison, last year the company earned a revenue of C$532.11 million and had a net profit of C$57.59 million

Based on the recent corporate insider activity of 162 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.