Profund Advisors LLC lowered its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 22.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,554 shares of the basic materials company’s stock after selling 29,108 shares during the quarter. Profund Advisors LLC’s holdings in B2Gold were worth $280,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Van ECK Associates Corp grew its position in B2Gold by 1.2% during the first quarter. Van ECK Associates Corp now owns 118,233,905 shares of the basic materials company’s stock worth $322,829,000 after buying an additional 1,409,132 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of B2Gold by 7.3% in the 4th quarter. Renaissance Technologies LLC now owns 11,430,397 shares of the basic materials company’s stock valued at $35,433,000 after purchasing an additional 779,900 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of B2Gold by 4.8% in the 1st quarter. OppenheimerFunds Inc. now owns 11,300,000 shares of the basic materials company’s stock valued at $30,849,000 after purchasing an additional 520,000 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of B2Gold by 26.0% in the 1st quarter. First Eagle Investment Management LLC now owns 9,700,300 shares of the basic materials company’s stock valued at $26,577,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of B2Gold by 80.7% in the 4th quarter. Mackenzie Financial Corp now owns 8,331,500 shares of the basic materials company’s stock valued at $25,828,000 after purchasing an additional 3,721,500 shares in the last quarter.
Separately, Zacks Investment Research raised B2Gold from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday, March 14th.
Shares of BTG stock opened at $2.61 on Friday. B2Gold Corp. has a fifty-two week low of $2.31 and a fifty-two week high of $3.30.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Wednesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $293.07 million. The business’s quarterly revenue was up 135.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share.
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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