Mixed Analyst Calls Keep B2Gold Corp. (BTG) in Focus

B2Gold Corp. (NYSEAMERICAN:BTG) is among the overlooked penny stocks to invest in. On January 15, TheFly reported that Raymond James lifted the price target on B2Gold Corp. (NYSEAMERICAN:BTG) to $6.50 from $6 and maintained an Outperform rating. The revised price target suggests an upside potential of approximately 29%.

This adjustment better reflects new commodity price guidance for valuable and base metals, thus becoming the basis of gold and silver price estimate hikes. With expectations for expanding deficits in the medium to long term, Raymond James appears positive on copper in the base metals complex.

Separately, on January 19, Lawson Winder, an analyst at Bank of America Securities, reaffirmed a Sell rating on B2Gold Corp. (NYSEAMERICAN:BTG), with an unchanged price target of $4.30.

Overall, B2Gold Corp. (NYSEAMERICAN:BTG) has mixed analyst sentiment with 64% recommending buying the stock, 29% keeping a neutral stance, and the remaining 7% bearish on the stock. While the median price target of $6 reflects an upside potential of 21.70%, the highest and lowest price targets translate to an upside potential of 49.88% and a downside potential of 14.06%.

B2Gold Corp. (NYSEAMERICAN:BTG) is a Canadian gold producer operating the Fekola Mine, the Masbate Mine, and the Otjikoto Mine. Founded in 2006, the company also has a range of other evaluation and exploration assets in Mali and Finland.

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Disclosure: None.