B2Gold Corp. J Received its Third Buy in a Row

By Austin Angelo

Analysts seem to be optimistic about B2Gold Corp. J (TSX: BTO) lately with several positive ratings in a row that it received in the past month alone. Scotiabank’s analyst Ovais Habib reiterates their Buy rating on the shares today.

According to TipRanks.com, Habib is a 4-star analyst with an average return of 11.9% and a 39.1% success rate. Habib covers the Basic Materials sector, focusing on stocks such as Primero Mining Corp, Pretium Resources, and Timmins Gold Corp.

Currently, the analyst consensus on B2Gold Corp. J is Strong Buy and the average price target is C$5.29, representing a 45.7% upside.

In a report issued on June 16, Canaccord Genuity also reiterated a Buy rating on the stock with a C$5.25 price target.

Based on B2Gold Corp. J’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$194 million and GAAP net loss of C$7.28 million. In comparison, last year the company earned revenue of C$198 million and had a net profit of C$11.43 million.

B2Gold Corp. is an international gold mining company. It has four operating mines, one mine under construction and numerous exploration projects across four continents in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso. The company’s property portfolio comprises of La Libertad Mine, Limon Mine, Radius Gold Joint Venture, Calibre Mining Joint Venture properties located in Nicaragua; Ojtikoto gold project located in Namibia; Cebollati property located in Uruguay; Bellavista property located in Costa Rica; and Quebradona, Gramalote, and Mocoa properties located in Colombia. B2Gold 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.

The company’s shares closed last Monday at $3.63.