The Globe and Mail reports in its Tuesday, March 19, edition that Scotia Capital analyst Ovais Habib has cut his share target for B2Gold from $6.50 to $5.50 in reaction to a technical report update on its Fekola mine in Mali. The Globe's David Leeder writes that Mr. Habib continues rank B2Gold "sector outperform." Analysts on average target the shares at $6.09. Mr. Habib says in a note: "We view the results of the study as mixed for B2Gold shares as the FS fell short of our expectations, particularly on operating costs and NPV, although the Fekola mine continues to host underground upside potential not yet studied in the latest technical report. Following model updates, we expect B2Gold could generate FCF of negative $150-million in 2024 (after adjusting for $500-million gold prepay) and $200-million in 2025 (6-per-cent yield) at current spot prices." The Globe reported on Sept. 13 that RBC rated B2Gold "sector perform." It could then be had for $4.19. The Globe reported on Oct. 24 that National Bank had reaffirmed its "outperform" recommendation for B2Gold. It was then worth $4.54. The Globe reported on Jan. 26 that CIBC analyst Anita Soni had cut B2Gold to "neutral" from "outperformer." It was then worth $3.66.