TD Securities analyst Wayne Lam downgraded B2Gold (BTG) to Hold from Buy with a price target of C$4, down from C$6, as primary coverage of the stock was transferred at the firm. The firm’s cautious outlook is based on heightened geopolitical risk in Mali and ongoing construction/ramp up risk at Back River, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTG:
- B2Gold price target lowered to $3.50 from $4 at Raymond James
- B2Gold Reports Positive Economic Assessment for Antelope Deposit
- Largest borrow rate increases among liquid names
- B2Gold to Announce Fourth Quarter and Full Year 2024 Financial Results
- B2Gold Completes $460M Convertible Notes Offering to Bolster Financial Strategy