B2Gold (NYSEAMERICAN:BTG) Trading 4.5% Higher

Shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) traded up 4.5% during trading on Monday . The company traded as high as $2.58 and last traded at $2.58. 1,564,201 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 11,456,978 shares. The stock had previously closed at $2.47.

Analysts Set New Price Targets

Separately, StockNews.com upgraded B2Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $3.78.

B2Gold Stock Up 3.6 %

The company has a quick ratio of 1.97, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.35 billion, a P/E ratio of -82.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The business has a 50-day simple moving average of $2.76.

Institutional Investors Weigh In On B2Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTG. International Assets Investment Management LLC boosted its position in shares of B2Gold by 216.0% during the 4th quarter. International Assets Investment Management LLC now owns 37,200 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 25,428 shares during the period. Vontobel Holding Ltd. boosted its position in shares of B2Gold by 30.0% during the fourth quarter. Vontobel Holding Ltd. now owns 68,355 shares of the basic materials company’s stock worth $216,000 after buying an additional 15,759 shares during the period. DGS Capital Management LLC acquired a new stake in shares of B2Gold in the fourth quarter valued at $51,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of B2Gold by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 286,577 shares of the basic materials company’s stock valued at $911,000 after buying an additional 40,586 shares during the period. Finally, Kellett Wealth Advisors LLC acquired a new position in B2Gold during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

About B2Gold

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.