Commerzbank Aktiengesellschaft FI raised its holdings in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 159.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 492,121 shares of the basic materials company’s stock after buying an additional 302,406 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.05% of B2Gold worth $1,378,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in BTG. Ninepoint Partners LP acquired a new stake in B2Gold during the third quarter worth about $8,709,000. Vanguard Group Inc. grew its holdings in B2Gold by 5.3% in the second quarter. Vanguard Group Inc. now owns 19,525,005 shares of the basic materials company’s stock valued at $54,865,000 after purchasing an additional 988,028 shares during the period. Scotia Capital Inc. grew its holdings in B2Gold by 179.1% in the second quarter. Scotia Capital Inc. now owns 292,997 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 188,013 shares during the period. Toronto Dominion Bank grew its holdings in B2Gold by 412.3% in the second quarter. Toronto Dominion Bank now owns 1,172,378 shares of the basic materials company’s stock valued at $3,300,000 after purchasing an additional 943,534 shares during the period. Finally, Van ECK Associates Corp grew its holdings in B2Gold by 3.2% in the third quarter. Van ECK Associates Corp now owns 109,540,396 shares of the basic materials company’s stock valued at $306,397,000 after purchasing an additional 3,430,421 shares during the period.
A number of brokerages have recently issued reports on BTG. BidaskClub raised B2Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research downgraded B2Gold from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. National Bank Financial upgraded B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Monday, September 25th. Finally, ValuEngine upgraded B2Gold from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.63.
Shares of B2Gold Corp (NYSEAMERICAN:BTG) traded up $0.09 during midday trading on Friday, hitting $3.10. The stock had a trading volume of 5,480,000 shares, compared to its average volume of 3,070,000. B2Gold Corp has a twelve month low of $2.15 and a twelve month high of $3.55. The firm has a market capitalization of $2,940.00, a PE ratio of 77.50 and a beta of 0.90.
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B2Gold Company Profile
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