B2Gold (BTG) Receives a Rating Update from a Top Analyst

RBC Capital analyst Josh Wolfson maintained a Hold rating on B2Gold on March 2 and set a price target of $6.00. The company’s shares closed yesterday at C$8.20.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Triple Flag Precious Metals, and Barrick Mining. According to TipRanks, Wolfson has an average return of 29.6% and a 72.33% success rate on recommended stocks.

In addition to RBC Capital, B2Gold also received a Hold from TipRanks – OpenAI’s OpenAI Gold in a report issued yesterday. However, on the same day, TipRanks – xAI upgraded B2Gold (NYSE MKT: BTG) to a Buy.

Based on B2Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.07 billion and a net profit of C$173.21 million. In comparison, last year the company earned a revenue of C$499.79 million and had a GAAP net loss of C$11.88 million

Based on the recent corporate insider activity of 117 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.