CIBC Increases B2Gold (BTG) PT to $6.50 Following Sector Update

Group 1 - B2Gold Corp. is considered one of the most undervalued Canadian stocks by hedge funds, with recent price target increases from analysts [1][2] - CIBC analyst Anita Soni raised the price target for B2Gold to $6.50 from $6, citing a sector update that included higher gold price forecasts of $6,000 per ounce for 2026 and $6,500 for 2027 [1] - Raymond James also increased its price target for B2Gold to $6.50 from $6.00 while maintaining an Outperform rating, reflecting new commodity price forecasts for precious and base metals [2][3] Group 2 - The adjustments in price targets are driven by persistent economic and political uncertainty, which are expected to influence demand for gold and copper [3] - B2Gold operates several mines, including the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia, positioning the company well within the gold production sector [3]