Forum Replies Created
-
Not good news for BTO
Globe says Winder lowers B2Gold to “underperform”
2025-01-15 08:33 ET – In the News
The Globe and Mail reports in its Wednesday, Jan. 15, edition that BofA Securities analyst Lawson Winder has lowered his recommendation for B2Gold to “underperform” from “buy.” The Globe’s David Leeder writes in the Eye On Equities column that Mr. Winder slashed his share target by $2 to $3.90. Analysts on average target the shares at $5.97. Mr. Winder issued his rating downgrade after B2Gold’s fourth quarter production and 2025 guidance fell short of expectations and it announced a 50-per-cent reduction to its annual dividend. Mr. Winder says in a note: “While we see the dividend cut as prudent given still large capital commitments, we think investors are likely to be disappointed. B2Gold intends to supplement the new dividend with share repurchases of up to 5 per cent of outstanding shares from later in Q1’25. We reduce our net asset value (NAV) estimate for B2Gold by 30 per cent to $2.75 per share from $4.20. … B2Gold is going through a period of significant investment and in 2025 will be ramping up production at its new Goose mine, often a challenge for miners. We look for better entry points to B2Gold shares.”
The winner of 2024 contest is R Hutch at $0.12, Zonte’s high in 2024 is $0.105.
THE PREDICTION FOR THE HIGH OF ZONTE RUNS FROM JANUARY 1ST 2024 TO JANUARY 1ST 202517 under $1 or evenR Hutch $0.12–flynn $0.15–rostra $0.165–hammerhead4 $0.17–meguma $0.22–Jade man $0.27–luck $0.37–Don C $0.40–Pasta $0.45–Glenn L $0.48–mozrep $0.50–dtangen $0.55–goldnboy$0.65–Davyboy $0.75–JimB $0.83–JunglistGuy $0.88–DearJohn $0.997 under $2 or evenlynnsa10 $1.15–alexgreat $1.20–ron $1.26–cricket $1.35–Gambler $1.40–Hoss $1.45–Goldman $1.502 under $3 or evenMauibuilt $02.75–Dreamer $3.001 under $5 or evenitnsk $4.881 under $8 or evenagilebill $7.77Total of 28 participants in 2024Most pessimistic: R Hutch $0.12Most optimistic: agilebill $7.77
