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12:20 PM EDT, 05/13/2016 (MT Newswires) -- B2Gold (BTO.TO) was up 6% in recent trade, having been reiterated with an outperform rating and $3.25 target price by BMO Research, following Q1 2016 results.
BMO said with the gold prepayment facility installed in March 2016, the company has removed the financing overhang, and stands ready to reap the gains from delivering one of the highest-quality development projects in the mid-tier space.
BMO is increasing its EPS forecasts to $0.13 for 2016 and to $0.09 for 2017.
The stock moves at the top half of 52-week range $0.86 - $2.88.
Price: 2.81, Change: +0.16, Percent Change: +6.0
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