RBC and Bank of America Positive on B2Gold (BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) is one of the 13 Best Gold Mining Companies to Invest In Now. On December 10, RBC Capital increased its price target on B2Gold Corp. (NYSEAMERICAN:BTG) from $5 to $6 but kept its Hold rating. This update comes as the research firm updates its outlook on a number of gold mining companies.

Previously, on December 1, Bank of America Securities also expressed a positive view on B2Gold Corp. (NYSEAMERICAN:BTG), pointing to expectations of higher gold prices in the coming year. Bank of America Securities forecast that gold could climb to $5,000 per ounce in 2026, arguing that the macro factors that previously supported higher prices are still in place. The firm said that “if gold matched the 2000s bull cycle, $7,000/oz could be upside.” Bank of America’s investment strategist Michael Hartnett described gold as a “top trade for 2026,” with an estimated return of 10%.

Against that backdrop, Bank of America assessed which North American gold mining companies could gain the most from rising gold prices. Bank of America’s analyst Lawson Winder noted that B2Gold Corp. (NYSEAMERICAN:BTG) is one of the companies with the strongest leverage to higher prices based on its net asset value.

The analyst also pointed out that gold producers typically offer more price sensitivity than royalty and streaming companies, even when the latter tend to provide more stable long-term returns due to “higher margins, insulation from cost inflation, and much greater asset diversification.”

B2Gold Corp. (NYSEAMERICAN:BTG) is a Canadian senior gold-producing company that has operating gold mines in Canada, Mali, Namibia, and the Philippines.

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