What Do Analysts Think About B2Gold Corp. (BTG)?

B2Gold Corp. (NYSE:BTG) is one of the best affordable stocks under $5 to buy for the next 3 years. On November 21, CIBC slashed the price target on B2Gold Corp. (NYSE:BTG) to $6 from $6.50 while maintaining a Neutral rating on the shares. The firm told investors that it updated the company’s model to take into account the fiscal Q3 report and cited the higher costs at the company’s Goose Mine, along with reduced production, as headwinds to the stock in the quarter.

Similarly, Stifel also lowered the price target on B2Gold Corp. (NYSE:BTG) to C$10.50 from C$11.50 on November 11 while maintaining a Buy rating.

The rating updates followed B2Gold Corp.’s (NYSE:BTG) fiscal Q3 2025 results released on November 5, reporting total gold production of 254,369 ounces, including pre-commercial production from the Goose Mine. Management reported that the Fekola, Masbate, and Otjikoto mines all surpassed the expected production in the quarter, and the company believes that it is on track for fiscal Q4 2025 to be the strongest gold production quarter in 2025.

B2Gold Corp. (NYSE:BTG) is keeping the consolidated production guidance unchanged for the Fekola Complex, Masbate, and Otjikoto mines, anticipated to be between 890,000 and 965,000 ounces of gold. However, the company modified the 2025 gold production guidance for the Goose Mine to between 50,000 to 80,000 ounces from the previous guidance range of 80,000 to 110,000 ounces. This is primarily due to crushing plant issues and lower than budgeted gold grades brought about by temporary delays in the access of higher-grade ore from Umwelt underground in Q3 and early Q4 2025.

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.