B2Gold Maintained at Outperform at BMO Following Q4 Production Cuts; Price Target Cut to C$7.00

MT Newswires Live

Jan 15, 2025

BMO Capital Markets on Tuesday maintained its outperform rating on the shares of B2Gold (BTO.TO, BTG) while lowering its price target to C$7.00 from an undisclosed prior level following fourth-quarter production results from the company.

" B2Gold reported Q4/24 production of 186koz, in-line with our estimate (BMOe: 185.6koz koz) but missed consensus estimates (cons: 204.6koz). On an annual basis, BTO produced 804.8koz which met the lower end of revised annual guidance (800-870koz). BTO's 2025 production guide was slightly below our estimates, however costs were significantly higher than expectations. At Goose, the company reaffirmed the timeline to first gold and CapEx estimates of C$1,540M. Lastly, the company reduced its dividend going forward. We lower our target price to $7.00 and maintain our Outperform rating," analyst Brian Quast noted.

(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: 3.56, Change: -0.05, Percent Change: -1.39

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Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 3.56, Change: -0.05, Percent Change: -1.39</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>B2Gold Maintained at Outperform at BMO Following Q4 Production Cuts; Price Target Cut to C$7.00</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nB2Gold Maintained at Outperform at BMO Following Q4 Production Cuts; Price Target Cut to C$7.00\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-15 01:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> BMO Capital Markets on Tuesday maintained its outperform rating on the shares of <a href=\"https://laohu8.com/S/BTG\">B2Gold</a> (BTO.TO, BTG) while lowering its price target to C$7.00 from an undisclosed prior level following fourth-quarter production results from the company.</p><p>\" B2Gold reported Q4/24 production of 186koz, in-line with our estimate (BMOe: 185.6koz koz) but missed consensus estimates (cons: 204.6koz). On an annual basis, BTO produced 804.8koz which met the lower end of revised annual guidance (800-870koz). BTO's 2025 production guide was slightly below our estimates, however costs were significantly higher than expectations. At Goose, the company reaffirmed the timeline to first gold and CapEx estimates of C$1,540M. Lastly, the company reduced its dividend going forward. We lower our target price to $7.00 and maintain our Outperform rating,\" analyst Brian Quast noted.</p><p>(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)</p><p>Price: 3.56, Change: -0.05, Percent Change: -1.39</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BMO","symbol_name":"蒙特利尔银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503504698","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503504698","pubTimestamp":1736876690,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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On an annual basis, BTO produced 804.8koz which met the lower end of revised annual guidance (800-870koz). BTO's 2025 production guide was slightly below our estimates, however costs were significantly higher than expectations. At Goose, the company reaffirmed the timeline to first gold and CapEx estimates of C$1,540M. Lastly, the company reduced its dividend going forward. We lower our target price to $7.00 and maintain our Outperform rating,\" analyst Brian Quast noted.(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: 3.56, Change: -0.05, Percent Change: -1.39","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}