Alps Advisors Inc. boosted its holdings in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 10.8% in the first quarter, HoldingsChannel.com reports. The firm owned 2,250,866 shares of the basic materials company’s stock after acquiring an additional 219,290 shares during the period. Alps Advisors Inc.’s holdings in B2Gold were worth $6,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in shares of B2Gold during the fourth quarter valued at $44,000. Highland Capital Management LLC acquired a new position in shares of B2Gold during the fourth quarter valued at $44,000. CIBC Asset Management Inc boosted its holdings in shares of B2Gold by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 989,646 shares of the basic materials company’s stock valued at $2,893,000 after acquiring an additional 16,622 shares during the period. Sigma Planning Corp acquired a new position in shares of B2Gold during the fourth quarter valued at $50,000. Finally, Beutel Goodman & Co Ltd. acquired a new position in shares of B2Gold during the first quarter valued at $56,000.
Several brokerages have recently issued reports on BTG. Zacks Investment Research raised shares of B2Gold from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Thursday, January 24th. TheStreet downgraded shares of B2Gold from a “b-” rating to a “c+” rating in a report on Tuesday, April 2nd. Finally, Canaccord Genuity began coverage on shares of B2Gold in a report on Wednesday, April 24th. They set a “buy” rating for the company.
Shares of BTG opened at $2.62 on Tuesday. B2Gold Corp. has a 1 year low of $2.10 and a 1 year high of $3.35.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Tuesday, March 12th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $272.11 million for the quarter, compared to the consensus estimate of $271.38 million.
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B2Gold Company Profile
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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