TD Asset Management Inc. increased its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 1.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,977,781 shares of the basic materials company’s stock after acquiring an additional 63,500 shares during the period. TD Asset Management Inc. owned approximately 0.59% of B2Gold worth $18,207,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Beutel Goodman & Co Ltd. acquired a new position in shares of B2Gold in the 1st quarter valued at approximately $56,000. QCM Cayman Ltd. raised its position in shares of B2Gold by 19.8% in the 1st quarter. QCM Cayman Ltd. now owns 43,556 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 7,200 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of B2Gold in the 1st quarter valued at approximately $124,000. Tuttle Tactical Management acquired a new position in shares of B2Gold in the 2nd quarter valued at approximately $134,000. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of B2Gold in the 1st quarter valued at approximately $154,000.
Shares of BTG opened at $3.59 on Friday. B2Gold Corp. has a 12 month low of $2.12 and a 12 month high of $4.02.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $267.21 million during the quarter, compared to the consensus estimate of $307.40 million.
BTG has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of B2Gold in a research report on Friday, July 19th. Zacks Investment Research lowered B2Gold from a “buy” rating to a “hold” rating and set a $2.50 target price on the stock. in a research report on Tuesday, May 28th.
B2Gold Company Profile
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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