Globe says James's Thompson rates B2Gold "outperform"

2014-03-18 09:08 ET - In the News

The Globe and Mail reports in its Tuesday, March 18, edition that Raymond James analyst Chris Thompson says B2Gold ($3.32) is a "go to" gold-focused growth story and a preferred investment choice among gold producers. The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Thompson notes the miner boasts a low cost structure -- its 2014 all-in sustaining costs were about $1,000 an ounce -- and proven management, which consistently meets or exceeds expectations and guidance. Mr. Thompson says, "We continue to recommend investors purchase shares of BTO given its robust growth profile, consistent operating performance, and quality management." He maintains his "outperform" rating with a $4 target price. Elsewhere, Desjardins Securities downgraded B2Gold to "hold" from "buy" citing the stock's recent share price appreciation, as it hiked its price target to $3.50 from $3.20. CIBC World Markets raised its price target to $5 from $3.50 and maintained a "sector outperformer" rating. The analyst consensus price target over the next year is $3.46. Stonecap Securities analyst Brian Szeto was bullish on B2Gold in the Eye column on June 6, 2013. The shares were then worth $2.69.