B2Gold Maintained at Outperform at BMO; Price Target Cut to C$6.50

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

B2Gold Maintained at Outperform at BMO; Price Target Cut to C$6.50

, MT Newswires - 1:11 PM ET 3/31/2025 default

01:11 PM EDT, 03/31/2025 (MT Newswires) -- BMO Capital Markets on Monday reiterated its outperform rating on the shares of B2Gold ( BTG ) while cutting its price target to C$6.50 from an undisclosed prior level after the company released a mining plan for its Back River District in Nunavut.

"BTO released the life of mine plan for the Back River District, which has a slight negative impact on our estimates as we now model the district as per this release. The LOM plan suggests that Back River will have a nine-year LOM with total production of ~2.3Moz Au at operating cash costs and AISC of US$1,129/oz and US$1,547/oz, respectively.

The company also highlighted exploration upside and multiple optimization studies, one of which could expand mill throughput. We maintain our Outperform rating but lower our price target to $6.50," analyst Brian Quast wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 4.09, Change: -0.06, Percent Change: -1.45

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.