Signition LP reduced its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 24.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,800 shares of the basic materials company’s stock after selling 61,200 shares during the quarter. Signition LP’s holdings in B2Gold were worth $572,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in BTG. Ruffer LLP purchased a new stake in shares of B2Gold in the second quarter valued at approximately $8,261,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of B2Gold in the first quarter worth approximately $7,056,000. Acadian Asset Management LLC boosted its stake in shares of B2Gold by 1,495.3% in the first quarter. Acadian Asset Management LLC now owns 2,207,900 shares of the basic materials company’s stock worth $6,180,000 after acquiring an additional 2,069,500 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in B2Gold during the first quarter worth $6,611,000. Finally, Gabelli Funds LLC boosted its stake in B2Gold by 26.0% during the second quarter. Gabelli Funds LLC now owns 5,778,000 shares of the basic materials company’s stock worth $17,507,000 after buying an additional 1,191,000 shares during the last quarter.
Shares of BTG traded up $0.04 during mid-day trading on Friday, reaching $3.46. The company’s stock had a trading volume of 1,101,259 shares, compared to its average volume of 5,107,683. B2Gold Corp. has a 12-month low of $2.15 and a 12-month high of $4.02.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $267.21 million during the quarter, compared to analyst estimates of $307.40 million.
A number of research firms have weighed in on BTG. TheStreet raised B2Gold from a “c” rating to a “b-” rating in a research note on Friday, August 16th. Canaccord Genuity reaffirmed a “buy” rating on shares of B2Gold in a research note on Friday, July 19th. Finally, Zacks Investment Research downgraded B2Gold from a “buy” rating to a “hold” rating and set a $2.50 price objective on the stock. in a report on Tuesday, May 28th.
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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