B2Gold price target lowered to C$7.75 from C$8 at Canaccord

Canaccord lowered the firm’s price target on B2Gold (BTG) to C$7.75 from C$8 and keeps a Buy rating on the shares. The firm updated its model following Q2 results. The company reported a solid operating quarter with higher production and lower costs than our forecasts. However, the results were partially offset by 19koz fewer ounces sold than produced, resulting in an EBITDAbeat of 3%.