Canaccord Maintains Bullish Rating on B2Gold Corp. (BTG) Following Q2 Results, Reduces PT

B2Gold Corp. (NYSE:BTG) is included in our list of the 10 Must-Buy Canadian Stocks to Invest in.

Canaccord Maintains Bullish Rating on B2Gold Corp. (BTG) Following Q2 Results, Reduces PT

A man, dressed in protective gear, holding a golden nugget freshly extracted from an underground mining shaft.

After the company’s second-quarter results, Canaccord reduced its price target on B2Gold Corp. (NYSE:BTG) from $5.78 to $5.60 on August 15, 2025, while keeping a Buy rating. With impressive results at Fekola, Masbate, and Otjikoto, the quarter’s gold production of 229,454 ounces. The quarterly results were released on August 7, which exceeded projections. Operating cash flow was $301 million, while net income was $154 million, or $0.12 per share.

A feasibility study for the Gramalote Project, which has an NPV of $941 million, approval for an underground mining at Fekola, and the first gold pour at Goose Mine on June 30 are recent accomplishments. B2Gold Corp. (NYSE:BTG) announced a Q3 dividend of $0.02 per share and reiterated its 2025 projection of 970,000–1,075,000 ounces of gold.

Global gold producer B2Gold Corp. (NYSE:BTG) has active mines in Namibia, Canada, the Philippines, and Mali.

While we acknowledge the potential of BTG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTG and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Gold Penny Stocks to Buy According to Hedge Funds and 11 Best Rebound Stocks to Buy According to Hedge Funds.

Disclosure: None.