Swiss National Bank decreased its position in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,369,929 shares of the basic materials company’s stock after selling 101,500 shares during the period. Swiss National Bank’s holdings in B2Gold were worth $28,323,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in B2Gold by 12.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 715,696 shares of the basic materials company’s stock valued at $4,657,000 after acquiring an additional 77,691 shares in the last quarter. Bank of America Corp DE raised its stake in shares of B2Gold by 68.7% during the 2nd quarter. Bank of America Corp DE now owns 6,998,292 shares of the basic materials company’s stock worth $39,820,000 after purchasing an additional 2,850,054 shares in the last quarter. Creative Planning bought a new stake in shares of B2Gold during the 2nd quarter worth approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of B2Gold by 372.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 492,450 shares of the basic materials company’s stock worth $2,814,000 after purchasing an additional 388,142 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of B2Gold during the 2nd quarter worth approximately $160,000.
A number of brokerages have recently issued reports on BTG. BMO Capital Markets upped their price objective on B2Gold from $10.00 to $11.50 and gave the stock an “outperform” rating in a research note on Monday, August 10th. TD Securities upped their price objective on B2Gold from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday, August 7th. Raymond James set a $8.50 price target on B2Gold and gave the company an “outperform” rating in a research note on Wednesday, November 4th. Canaccord Genuity restated a “buy” rating and issued a $12.00 price target on shares of B2Gold in a research note on Wednesday, November 4th. Finally, Royal Bank of Canada cut B2Gold from an “outperform” rating to a “sector perform” rating and set a $8.00 price target on the stock. in a research note on Wednesday, August 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. B2Gold currently has a consensus rating of “Buy” and an average price target of $9.58.
BTG opened at $5.68 on Friday. B2Gold Corp. has a 1-year low of $2.16 and a 1-year high of $7.55.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $487.17 million during the quarter.
B2Gold Corp. operates as a gold producer with three operating mines in Mali, the Philippines, and Namibia. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 81% interest in the Kiaka Project in Burkina Faso. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Burkina Faso, Namibia, Uzbekistan, and Finland.
Read More: Why are trading ranges significant?
Want to see what other hedge funds are holding BTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO).
Receive News & Ratings for B2Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B2Gold and related companies with MarketBeat.com's FREE daily email newsletter.