Bank of America Securities Sticks to Their Sell Rating for B2Gold (BTG)
In a report released today, Lawson Winder from Bank of America Securities maintained a Sell rating on B2Gold, with a price target of $4.30.
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According to TipRanks, Winder is a 5-star analyst with an average return of 20.6% and a 60.38% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Kinross Gold, and Nucor.
The word on The Street in general, suggests a Hold analyst consensus rating for B2Gold with a $5.86 average price target.
Based on B2Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$774.27 million and a net profit of C$19.1 million. In comparison, last year the company earned a revenue of C$448.23 million and had a GAAP net loss of C$633.76 million
Based on the recent corporate insider activity of 111 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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