National Bank Lifts PT on B2Gold (BTG) to C$8 From C$7.75, Keeps an Outperform Rating

B2Gold Corp. (NYSE:BTG) is one of the best affordable stocks under $5 to invest inOn July 16, National Bank analyst Don DeMarco raised the firm’s price target on B2Gold Corp. (NYSE:BTG) to C$8 from C$7.75 while keeping an Outperform rating on the shares.

Is ​B2Gold Corp. (BTG) the Best Canadian Penny Stock to Invest in Now?

Aerial view of a gold mine in Mali, showing the scale of the mining operations.

The rating came after B2Gold Corp. (NYSE:BTG) announced positive results of a Feasibility Study on its 100% owned Gramalote gold project in the Department of Antioquia, Colombia (the “Gramalote Project”) on July 14.

The study showed a meaningful gold production profile with favorable metallurgical characteristics. Management expects to file a technical report related to the feasibility study within 45 days.

B2Gold Corp. (NYSE:BTG) is an exploration company that acquires and develops mineral properties. Its operations are divided into the following segments: Fekola Mine, Fekola Regional, Masbate Mine, Otjikoto Mine, Goose Project, Other Mineral Properties, and Corporate and Other.

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Disclosure: None. This article is originally published at Insider Monkey.