RBC Capital assumed coverage of B2Gold with a Sector Perform rating and $4.25 price target. The company is moving through an investment phase setting up the company for future growth, the analyst tells investors in a research note. The firm remains cautious on the shares given potential execution risk via construction of Back River and rising geopolitical risk in Mali.
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Read More on BTG:
- B2Gold Declares Third Quarter 2023 Dividend of $0.04 per Share
- B2Gold Announces Dividend Reinvestment Plan
- B2Gold price target lowered to C$7.75 from C$8 at Scotiabank
- B2Gold Reports Q2 2023 Results; Strong Q2 2023 Operating Results Position B2Gold to Achieve 2023 Annual Guidance; First Half of 2023 Cash Operating Costs and All-In Sustaining Costs Both Below 2023 Guidance Ranges
- BeMetals secures C$5.3M of funding with B2Gold
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