Globe says Szeto maintains B2Gold target at $4

2013-06-06 08:18 ET - In the News

The Globe and Mail reports in its Thursday, June 6, edition that a tour of B2Gold's ($2.69) mine in Masbate, Philippines, has Stonecap Securities analyst Brian Szeto upbeat about the operation. The Globe's Ian McGugan and Jody White write in the Eye On Equities column that Mr. Szeto says that, since acquiring the asset, B2Gold quickly identified ways to make it more efficient. Much of the current focus is improving upon the recovery rate of low-grade sulphide, which currently stands at 65 per cent. Mr. Szeto maintains his target price of $4. The Globe's David Parkinson said B2Gold was gearing up for growth in the Number Cruncher column on May 11, 2012. The shares were then going for $3.17. The Globe's Michael Bowman said B2Gold was poised to rally in the Number Cruncher column on Aug. 9, 2012. The shares were then trading at $3.35. TD Securities analyst Greg Barnes said B2Gold was one of his top picks in The Globe on Sept. 21, 2012. In the item Mr. Barnes issued a target price of $6 for B2Gold stock. The shares could then be had for $3.87. Mr. Szeto rated the shares "outperform" in new coverage in the Eye column on Nov. 23, 2012. He targeted the shares at $5.40. The shares were then