Cormark - March 2nd.B2Gold Corp
Recommendation: Buy
Target: C$2.00
"We are initiating coverage on B2Gold with a Buy rating and a C$2.00 target
price that is based on a target multiple of 1.0x NAV. While a producer,
B2Gold is effectively still trading at a development stage company discount
(0.69x NAV). We believe the near-term upside for the shares is a re-rating to
the 1.0x NAV level as a stable gold producer."