B2Gold Corp T.BTO

RBC Target cut

[loonietunes]

Analyst Actions: B2Gold Target Price Cut by RBC Capital Markets on Weaker 2021 Guidance

21 Jan 2021 11:19 ET

 

11:19 AM EST, 01/21/2021 (MT Newswires) -- RBC Capital Markets on Thursday reiterated its sector-perform rating on the shares of B2Gold (BTO.TO, BTG) but lowered its target price to US$6.50 from US$6.75 after the company reported fourth-quarter and 2020 production results but said it expects lower production this year.

"B2 reported year-end results that were in line with expectations, while guidance was lighter vs. RBCe and the consensus," the investment bank said in a note. "In the short term, various upcoming milestones are expected in 1H (Fekola resource updates, Gramalote FS), also balanced by materially weaker 1H operating results. B2 guidance reinforces an interim transition in place whereby YoY comparables are likely to soften at the cornerstone Fekola mine, and prior high corporate FCF will be reallocated towards project development. Price target decreased to $6.50 (prev. $6.75), reiterate SP."

(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: 6.45, Change: -0.06, Percent Change: -0.84

[DonnieBrasc0]

This post has been removed in accordance with Community Policy

[BSdetector2016]

On the worthless scale analysts are right up there with politicians.

[drjill]

You really have to wonder about these guys; does a.25 target price change really merit an update and comment? I think some of these lower ranked analysts have to justify their salary. 

[Reddale]

Drjill, have to agree with your assessment. And I would add the analyst in question has been smoking samples of a client company's product. Why would you down grade BTO when the company has numerous years of improved operational production, no debt and made only about $700 million dollars pure profit in 2020.  Duh duh duh Oh, probably same analyst that rates Tesla a buy at $500/share

[GUY2012]

To me its one reason only-----Analyst's downgrade when they've MISSED an opportunity or they have a SHORT POSITION        And they upgrade once they have covered the short position or "buy in".   IT'S PURE CONSPIRED MANIPULATION among the banks and the wealthy.  We just have to be smart enough to know when to get "in & out" and