DekaBank Deutsche Girozentrale Invests $1.32 Million in B2Gold (BTG)
DekaBank Deutsche Girozentrale bought a new stake in shares of B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 485,000 shares of the basic materials company’s stock, valued at approximately $1,318,000.
Several other large investors also recently bought and sold shares of the company. Point View Wealth Management Inc. acquired a new position in shares of B2Gold during the fourth quarter worth approximately $100,000. Quantitative Systematic Strategies LLC acquired a new position in shares of B2Gold during the fourth quarter worth approximately $117,000. Two Sigma Advisers LP acquired a new position in shares of B2Gold during the fourth quarter worth approximately $396,000. Two Sigma Securities LLC acquired a new position in shares of B2Gold during the fourth quarter worth approximately $425,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of B2Gold by 202.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 213,337 shares of the basic materials company’s stock worth $655,000 after buying an additional 142,687 shares during the period.
Separately, Zacks Investment Research upgraded B2Gold from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Wednesday, March 14th.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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. B2Gold’s revenue for the quarter was up 135.3% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS.
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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