As previously reported, BofA analyst Lawson Winder downgraded B2Gold (BTG) to Underperform from Buy with a price target of C$3.90, down from C$5.90. Q4 production disappointed on lower Fekola grades, while B2Gold also provided 2025 guidance that missed expectations, the analyst tells investors. In addition, the company announced a 50% reduction is its annual dividend and while the firm sees the dividend cut as “prudent” given still large capital commitments, it thinks investors are likely to be disappointed.
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Read More on BTG:
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- B2Gold Maintains Operations Amid Fekola Mine Strike