B2Gold price target raised to $2.85 from $2.75 at BofA

BofA analyst Lawson Winder raised the firm’s price target on B2Gold (BTG) to $2.85 from $2.75 and keeps an Underperform rating on the shares. Last week, B2Gold provided a preliminary economic assessment on the Antelope deposit at its Otjikoto mine in Namibia, notes the analyst, who says Antelope extends Otjikoto’s mine life by five years. The firm views the mine life extension positively, but sees risk of capex inflation, the analyst tells investors.