StockNews.com cut shares of B2Gold (NYSE:BTG – Free Report) from a buy rating to a hold rating in a report published on Friday.
BTG has been the topic of several other research reports. CIBC lifted their price target on shares of B2Gold from $3.40 to $3.50 and gave the company a neutral rating in a research report on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on shares of B2Gold from $3.50 to $4.00 and gave the company a buy rating in a report on Friday, July 12th.
Get Our Latest Stock Analysis on BTG
B2Gold Stock Performance
Institutional Trading of B2Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its holdings in B2Gold by 21.9% during the second quarter. SG Americas Securities LLC now owns 184,373 shares of the company’s stock worth $498,000 after purchasing an additional 33,113 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of B2Gold during the 2nd quarter worth $42,000. Equinox Partners Investment Management LLC raised its stake in shares of B2Gold by 31.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,032,986 shares of the company’s stock worth $16,185,000 after buying an additional 1,450,000 shares during the last quarter. Continuum Advisory LLC purchased a new stake in B2Gold during the 2nd quarter worth about $40,000. Finally, KG&L Capital Management LLC raised its holdings in B2Gold by 9.6% in the 2nd quarter. KG&L Capital Management LLC now owns 207,500 shares of the company’s stock valued at $560,000 after acquiring an additional 18,200 shares during the last quarter. Institutional investors and hedge funds own 61.40% of the company’s stock.
B2Gold Company Profile
B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.
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