B2Gold (BTG) Sees Unusually-High Trading Volume

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) saw unusually-strong trading volume on Friday . Approximately 18,483,988 shares changed 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.

Several equities research analysts have recently issued reports on BTG shares. TheStreet raised shares of B2Gold from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. Zacks Investment Research upgraded shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Thursday, January 24th.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Tuesday, March 12th. The basic materials company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in B2Gold by 12.4% in the third quarter. Deutsche Bank AG now owns 6,092,174 shares of the basic materials company’s stock valued at $14,010,000 after acquiring an additional 671,458 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in B2Gold by 111.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,157,644 shares of the basic materials company’s stock valued at $26,753,000 after acquiring an additional 4,820,500 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in B2Gold by 65.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,696,300 shares of the basic materials company’s stock valued at $4,955,000 after acquiring an additional 671,600 shares during the last quarter. Renaissance Technologies LLC lifted its stake in B2Gold by 11.4% in the third quarter. Renaissance Technologies LLC now owns 10,698,397 shares of the basic materials company’s stock valued at $24,606,000 after acquiring an additional 1,098,400 shares during the last quarter. Finally, Vanguard Group Inc lifted its stake in B2Gold by 5.3% in the third quarter. Vanguard Group Inc now owns 23,579,327 shares of the basic materials company’s stock valued at $54,232,000 after acquiring an additional 1,181,591 shares during the last quarter.

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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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