RBC Capital Affirms Hold Stance as B2Gold Corp. (BTG) Bounces to Profitability on High Gold Prices

B2Gold Corp (NYSE:BTG) is one of the best mid cap stocks to buy according to hedge funds. On November 11, RBC Capital analyst Michael Siperco reiterated a Hold rating on the stock and a $5 price target. The hold stance comes days after B2Gold Corp (NYSE:BTG) delivered impressive third-quarter results driven by increased gold production and higher prices.

RBC Capital Affirms Hold Stance as B2Gold Corp. (BTG) Bounces to Profitability on High Gold Prices

The company’s Fekola, Masbate, and Otjikoto mines exceeded their production targets, resulting in a total gold production of 254,369 ounces. Revenue in the quarter surged to $782,948, driven by high gold production, compared to $448,229 for the same quarter last year. The company is on track for its strongest gold production in 2025, with the fourth quarter expected to be the strongest.

Amidst high production, B2Gold bounced back to profitability with a net income of $23,123 in the third quarter, compared to a net loss of $631,032 in the third quarter of last year. It delivered earnings per share of $0.01, an improvement from a loss per share of $0.48 for the same quarter in the prior year.

B2Gold Corp. exited the third quarter in a strong financial and liquidity position, with $367 million in cash and cash equivalents. The board of directors has also approved a quarterly dividend of $0.02 per share, payable on December 15 to shareholders of record as of December 2, 2025.

B2Gold Corp (NYSE:BTG) is a global, low-cost gold miner with three open-pit mines in Mali, Namibia, and the Philippines, plus exploration projects across four continents. Its revenue comes entirely from gold, sold into diverse markets to avoid reliance on a single buyer. Key operations include Fekola, Masbate, Otjikoto, the Goose Project, and other development properties.

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