B2Gold (BTG) Sees Large Volume Increase

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Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) saw an uptick in trading volume on Friday . 18,483,988 shares traded hands during trading, an increase of 284% from the previous session’s volume of 4,809,221 shares.The stock last traded at $2.98 and had previously closed at $2.89.

A number of research firms recently commented on BTG. Zacks Investment Research raised shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Thursday, January 24th. TheStreet raised shares of B2Gold from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Tuesday, March 12th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $272.11 million for the quarter, compared to analyst estimates of $271.38 million.

A number of hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in B2Gold by 1.4% in the 4th quarter. Van ECK Associates Corp now owns 137,124,192 shares of the basic materials company’s stock valued at $400,403,000 after buying an additional 1,924,476 shares during the period. Vanguard Group Inc increased its holdings in B2Gold by 5.3% in the 3rd quarter. Vanguard Group Inc now owns 23,579,327 shares of the basic materials company’s stock valued at $54,232,000 after buying an additional 1,181,591 shares during the period. Vanguard Group Inc. increased its holdings in B2Gold by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,579,327 shares of the basic materials company’s stock valued at $54,232,000 after buying an additional 1,181,591 shares during the period. Fiera Capital Corp increased its holdings in B2Gold by 49.9% in the 4th quarter. Fiera Capital Corp now owns 14,625,879 shares of the basic materials company’s stock valued at $42,834,000 after buying an additional 4,869,219 shares during the period. Finally, Investec Asset Management LTD increased its holdings in B2Gold by 67.5% in the 4th quarter. Investec Asset Management LTD now owns 14,342,281 shares of the basic materials company’s stock valued at $41,899,000 after buying an additional 5,777,359 shares during the period.

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About B2Gold (NYSEAMERICAN:BTG)

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

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