The Globe and Mail reports in its Wednesday, Sept. 13, edition that RBC Capital Markets analyst Wayne Lam has an unchanged "sector perform" and $4.25 (U.S.) share target on B2Gold. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $4.86 (U.S.). Mr. Lam says in a note: "B2Gold is moving through an investment phase setting up the company for future growth, and we remain cautious on shares given potential execution risk via construction of Back River and rising geopolitical risk in Mali. On the latter, we also see potential for re-evaluation of the Fekola regional standalone project following proposed change in government ownership structure. Overall, we are constructive on longer-term growth potential but are cautious around elevated near-term geopolitical/operational risk." The Globe reported on Jan. 31 that CIBC World Markets analyst Anita Soni, citing B2Gold's valuation, downgraded her recommendation to "neutral" from "outperformer." The shares could then be had for $3.97 (U.S.).