B2Gold (BTG, Financial) shares dropped 8.3% after the company released a new plan for its Goose project in Nunavut, Canada. While timelines and costs remained unchanged, the plan reduced high-confidence resource estimates. The Goose project aims for first gold production in Q2, with commercial production ramping up in Q3. Analysts at BMO Capital kept an Outperform rating but reduced the price target to C$6.50, citing downgraded resource categories as a concern.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for B2Gold Corp (BTG, Financial) is $3.71 with a high estimate of $4.50 and a low estimate of $2.85. The average target implies an upside of 27.80% from the current price of $2.91. More detailed estimate data can be found on the B2Gold Corp (BTG) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, B2Gold Corp's (BTG, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for B2Gold Corp (BTG, Financial) in one year is $3.83, suggesting a upside of 31.84% from the current price of $2.905. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the B2Gold Corp (BTG) Summary page.
