B2Gold (BTG) Shares Up 6.3%

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO)’s share price shot up 6.3% during mid-day trading on Friday . The stock traded as high as $2.69 and last traded at $2.68. 7,632,061 shares were traded during trading, an increase of 116% from the average session volume of 3,527,815 shares. The stock had previously closed at $2.52.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $323.86 million for the quarter, compared to analyst estimates of $323.48 million.

A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. raised its holdings in shares of B2Gold by 19.0% in the second quarter. Alps Advisors Inc. now owns 1,920,576 shares of the basic materials company’s stock worth $5,954,000 after acquiring an additional 306,440 shares during the last quarter. Oxbow Advisors LLC acquired a new position in shares of B2Gold in the second quarter worth $234,000. CIBC Asset Management Inc raised its holdings in shares of B2Gold by 14.0% in the second quarter. CIBC Asset Management Inc now owns 981,232 shares of the basic materials company’s stock worth $2,546,000 after acquiring an additional 120,799 shares during the last quarter. BlackRock Inc. raised its holdings in shares of B2Gold by 18.1% in the second quarter. BlackRock Inc. now owns 728,691 shares of the basic materials company’s stock worth $1,880,000 after acquiring an additional 111,657 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of B2Gold by 90.6% in the second quarter. Janus Henderson Group PLC now owns 2,069,760 shares of the basic materials company’s stock worth $5,359,000 after acquiring an additional 983,700 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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