National Bank of Canada Cuts B2Gold's Price Target. 1:15 AM EST, 02/27/2023 (MT Newswires) -- National Bank of Canada on Monday lowered B2Gold Corp. (BTO.TO)'s price target to $6.50 from $6.75 with an outperform rating.
The price target cut reflects B2Gold's results in the fourth quarter of 2022 that missed estimates. The miner reported an adjusted EPS of US$0.11, below the bank's forecast of US$0.12 and consensus forecast of US$0.13.
The bank said the miss was driven by nonop items, while noting that costs were better than expected, driving elevated free cash flows.
Price: 4.58, Change: +0.06, Percent Change: +1.44