Sumitomo Mitsui Trust Holdings Inc. grew its stake in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 15.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,533,014 shares of the basic materials company’s stock after buying an additional 332,954 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in B2Gold were worth $8,195,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Profund Advisors LLC grew its position in shares of B2Gold by 5.6% during the second quarter. Profund Advisors LLC now owns 141,616 shares of the basic materials company’s stock worth $429,000 after purchasing an additional 7,480 shares in the last quarter. CoreCommodity Management LLC grew its position in shares of B2Gold by 20.2% during the second quarter. CoreCommodity Management LLC now owns 63,100 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 10,600 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of B2Gold during the third quarter worth about $36,000. Meritage Portfolio Management purchased a new stake in shares of B2Gold during the third quarter worth about $50,000. Finally, ARP Americas LP grew its position in shares of B2Gold by 17.8% during the second quarter. ARP Americas LP now owns 167,560 shares of the basic materials company’s stock worth $509,000 after purchasing an additional 25,360 shares in the last quarter.
Several research firms recently issued reports on BTG. Scotiabank set a $5.30 target price on B2Gold and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Canaccord Genuity reiterated a “buy” rating on shares of B2Gold in a research report on Friday, July 19th. Raymond James reiterated a “buy” rating and set a $6.25 target price on shares of B2Gold in a research report on Friday. Finally, TheStreet upgraded B2Gold from a “c” rating to a “b-” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $4.68.
Shares of NYSEAMERICAN:BTG traded down $0.04 during trading on Monday, hitting $3.40. 7,584,097 shares of the company’s stock were exchanged, compared to its average volume of 5,733,327. B2Gold Corp. has a 52-week low of $2.40 and a 52-week high of $4.02.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $310.78 million for the quarter.
B2Gold Company Profile
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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