Global X Management Co. LLC increased its position in B2Gold Corp (NYSE:BTG) (TSE:BTO) by 168.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 519,503 shares of the basic materials company’s stock after buying an additional 326,230 shares during the period. Global X Management Co. LLC’s holdings in B2Gold Corp were worth $1,476,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of B2Gold Corp by 32.0% in the first quarter. Van ECK Associates Corp now owns 174,786,128 shares of the basic materials company’s stock worth $494,778,000 after buying an additional 42,355,073 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of B2Gold Corp by 15.6% in the fourth quarter. Renaissance Technologies LLC now owns 9,981,997 shares of the basic materials company’s stock worth $23,658,000 after buying an additional 1,346,500 shares in the last quarter. TD Asset Management Inc. increased its position in shares of B2Gold Corp by 4.1% in the first quarter. TD Asset Management Inc. now owns 7,162,630 shares of the basic materials company’s stock worth $20,355,000 after buying an additional 281,016 shares in the last quarter. Norges Bank bought a new position in shares of B2Gold Corp during the fourth quarter worth approximately $16,721,000. Finally, Great West Life Assurance Co. Can increased its position in shares of B2Gold Corp by 2,996.8% in the first quarter. Great West Life Assurance Co. Can now owns 5,706,269 shares of the basic materials company’s stock worth $16,244,000 after buying an additional 5,522,008 shares in the last quarter.

Institutional Ownership by Quarter for B2Gold Corp (NYSE:BTG)

B2Gold Corp (BTG) traded down 0.896% during midday trading on Tuesday, hitting $2.765. The stock had a trading volume of 3,520,898 shares. B2Gold Corp has a one year low of $2.02 and a one year high of $3.65. The firm has a market cap of $2.70 billion and a PE ratio of 138.250. The stock has a 50-day moving average price of $2.49 and a 200 day moving average price of $2.73.

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BTG has been the subject of a number of analyst reports. Bank of America Corporation initiated coverage on B2Gold Corp in a research report on Thursday, March 2nd. They set a “buy” rating and a $4.00 price objective for the company. Zacks Investment Research downgraded B2Gold Corp from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 16th. Finally, Clarus Securities reaffirmed a “buy” rating on shares of B2Gold Corp in a report on Thursday, May 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $4.81.

B2Gold Corp Company Profile

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