B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) shares saw strong trading volume on Friday . 18,483,988 shares changed hands during mid-day 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 analysts have commented on the company. Zacks Investment Research raised B2Gold from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Thursday, January 24th. TheStreet upgraded B2Gold from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Tuesday, March 12th. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $272.11 million during the quarter, compared to analysts’ expectations of $271.38 million.
Hedge funds have recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of B2Gold in the fourth quarter valued at $44,000. Highland Capital Management LLC purchased a new position in B2Gold during the fourth quarter worth about $44,000. Sigma Planning Corp purchased a new position in B2Gold during the fourth quarter worth about $50,000. Hsbc Holdings PLC bought a new stake in B2Gold during the fourth quarter worth about $95,000. Finally, CoreCommodity Management LLC lifted its stake in B2Gold by 821.1% during the fourth quarter. CoreCommodity Management LLC now owns 52,500 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 46,800 shares during the last quarter.
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B2Gold Company Profile (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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