B2Gold price target raised to $3.60 from $3.30 at CIBC

CIBC analyst Anita Soni raised the firm’s price target on B2Gold (BTG) to $3.60 from $3.30 and keeps a Neutral rating on the shares. The firm updated its model for Q4 financials and costs, and incorporated preliminary results from the Preliminary Economic Assessment released in February for the Antelope deposit at Otjikoto, the analyst tells investors in a research note. B2Gold is implementing the agreement at Fekola with the government and is looking at achieving permits to proceed in the near-term, assuming permits would allow production of up to 180kozpa from mining of the regional ore, the firm says.