Bank of America Corp DE increased its stake in B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 68.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,998,292 shares of the basic materials company’s stock after acquiring an additional 2,850,054 shares during the period. Bank of America Corp DE owned approximately 0.67% of B2Gold worth $39,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTG. Stifel Financial Corp bought a new stake in shares of B2Gold during the second quarter valued at approximately $311,000. Vanguard Group Inc. raised its stake in B2Gold by 0.6% in the second quarter. Vanguard Group Inc. now owns 29,986,003 shares of the basic materials company’s stock worth $170,620,000 after buying an additional 186,478 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in B2Gold by 21.0% in the second quarter. Advisor Group Holdings Inc. now owns 43,603 shares of the basic materials company’s stock worth $249,000 after buying an additional 7,572 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in B2Gold by 2.2% in the second quarter. Gamco Investors INC. ET AL now owns 176,960 shares of the basic materials company’s stock worth $1,007,000 after buying an additional 3,750 shares in the last quarter. Finally, FIL Ltd bought a new position in B2Gold in the second quarter worth approximately $759,000.

Shares of NYSEAMERICAN BTG opened at $6.97 on Wednesday. B2Gold Corp. has a 12-month low of $2.16 and a 12-month high of $7.55.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $441.94 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, September 21st. This is a boost from B2Gold’s previous quarterly dividend of $0.02.

A number of equities analysts recently commented on BTG shares. Royal Bank of Canada downgraded shares of B2Gold from an “outperform” rating to a “sector perform” rating and set a $8.00 price objective for the company. in a research note on Wednesday, August 19th. Scotiabank lifted their price target on shares of B2Gold from $8.50 to $9.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Pi Financial reaffirmed a “buy” rating and issued a $8.60 price target on shares of B2Gold in a report on Monday, July 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.50 price target on shares of B2Gold in a report on Tuesday, September 1st. Finally, TD Securities boosted their price objective on shares of B2Gold from $11.00 to $12.50 and gave the company a “buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. B2Gold has an average rating of “Buy” and an average target price of $8.43.

B2Gold 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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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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