B2Gold Corp. (NYSEAMERICAN:BTG – Get Free Report) (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.
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B2Gold Trading Up 3.6 %
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.
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