Stock Traders Buy High Volume of B2Gold Call Options (NYSEAMERICAN:BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 56,670 call options on the stock. This is an increase of approximately 131% compared to the average daily volume of 24,495 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in B2Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock worth $252,273,000 after acquiring an additional 1,018,157 shares during the last quarter. Norges Bank purchased a new stake in B2Gold in the fourth quarter valued at approximately $75,333,000. Legal & General Group Plc raised its position in B2Gold by 13.4% during the 4th quarter. Legal & General Group Plc now owns 7,206,782 shares of the basic materials company’s stock worth $32,492,000 after buying an additional 849,193 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in B2Gold by 264.6% during the 4th quarter. BNP Paribas Financial Markets now owns 6,722,021 shares of the basic materials company’s stock valued at $30,316,000 after acquiring an additional 4,878,576 shares during the period. Finally, UBS Group AG boosted its holdings in shares of B2Gold by 300.3% in the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after acquiring an additional 2,684,504 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BTG. Scotiabank restated a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

B2Gold Stock Up 1.8%

Shares of B2Gold stock traded up $0.10 on Tuesday, reaching $5.54. The stock had a trading volume of 23,557,085 shares, compared to its average volume of 47,040,125. B2Gold has a 1 year low of $2.50 and a 1 year high of $5.94. The company has a 50 day moving average price of $4.76 and a 200 day moving average price of $4.51. The company has a quick ratio of 0.46, a current ratio of 1.03 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $7.43 billion, a P/E ratio of 39.57 and a beta of 0.57.

About B2Gold

B2Gold Corp. is a Canadian-based intermediate gold producer with a diversified portfolio of operating mines and advanced-stage development projects. Founded in 2007 through the merger of Bema Gold and CGA Mining, the company has grown to become one of the world’s largest new gold producers. Headquartered in Vancouver, British Columbia, B2Gold focuses on efficient, low-cost operations across several continents, combining exploration, development and production within a single strategic framework.

The company’s flagship assets include the Fekola mine in Mali, which commenced production in 2017, the Otjikoto mine in Namibia, and the Masbate mine in the Philippines.