B2Gold (NYSEAMERICAN:BTG) Stock Price Up 4.5%

B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) shares shot up 4.5% during mid-day 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 raised B2Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.78.

B2Gold Trading Up 3.6 %

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

Hedge Funds Weigh In On B2Gold

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in B2Gold by 216.0% in the 4th quarter. International Assets Investment Management LLC now owns 37,200 shares of the basic materials company’s stock valued at $118,000 after buying an additional 25,428 shares during the last quarter. Vontobel Holding Ltd. increased its position in B2Gold by 30.0% in the 4th 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 position in B2Gold during the 4th quarter valued at $51,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of B2Gold by 16.5% in the fourth 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 stake in B2Gold during the fourth quarter worth about $40,000. 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.