BMO Capital Reiterates a Buy on B2Gold (BTG)

B2Gold Corp. (NYSEAMERICAN:BTG) is one of the Best Long-Term Penny Stocks to Buy According to Wall Street Analysts. On March 13, Brian Quast from BMO Capital reiterated a Buy rating on the stock with a price target of C$9.5.

​The analyst noted that the firm updated the valuation model for B2Gold Corp. (NYSEAMERICAN:BTG) to reflect slightly negative revisions to reserves, resources, and operating‑cost estimates. The firm also incorporated modestly weaker metrics, including lower reserve and M&I inventories and some mines with higher projected cash costs and AISC. BMO Capital noted that despite the negative factors, the overall impact on net asset value remains limited, and the price target still implies meaningful upside versus the current share price.

​On the bright side, the analyst highlighted multiple catalysts, such as the ongoing ramp-up of the Goose project. He noted that the project is expected to deliver a production‑weighted second half of 2026 and materially improve free cash flow once pre‑pay deliveries are completed. The analyst also points to potential optimizations at Goose, including a possible throughput increase, which could lift average annual gold output, lower life‑of‑mine AISC, and enhance project NPV.

​B2Gold Corp. (NYSEAMERICAN:BTG) operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia, and the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia.

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