ASA Gold & Precious Metals Ltd Has $4,489,000 Stake in B2Gold Corp (BTG)

ASA Gold & Precious Metals Ltd held its stake in B2Gold Corp (NYSE:BTG) (TSE:BTO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,594,338 shares of the basic materials company’s stock at the end of the second quarter. B2Gold Corp accounts for about 2.8% of ASA Gold & Precious Metals Ltd’s holdings, making the stock its 12th largest position. ASA Gold & Precious Metals Ltd owned 0.16% of B2Gold Corp worth $4,489,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BTG. Van ECK Associates Corp increased its stake in 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 valued at $494,778,000 after buying an additional 42,355,073 shares during the period. Norges Bank acquired a new position in B2Gold Corp during the fourth quarter valued at approximately $16,721,000. Great West Life Assurance Co. Can increased its position in 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 valued at $16,244,000 after buying an additional 5,522,008 shares during the period. Goldman Sachs Group Inc. increased its position in B2Gold Corp by 314.9% in the first quarter. Goldman Sachs Group Inc. now owns 3,205,047 shares of the basic materials company’s stock valued at $9,070,000 after buying an additional 2,432,640 shares during the period. Finally, Hexavest Inc. acquired a new position in B2Gold Corp during the second quarter valued at approximately $6,456,000.

B2Gold Corp (NYSE:BTG) traded up 0.78% during midday trading on Friday, hitting $2.58. 2,529,259 shares of the stock traded hands. The company has a market cap of $2.52 billion and a PE ratio of 129.00. B2Gold Corp has a one year low of $2.02 and a one year high of $3.58. The company’s 50-day moving average is $2.67 and its 200-day moving average is $2.79.

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BTG has been the subject of several research reports. Zacks Investment Research downgraded shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Clarus Securities reaffirmed a “buy” rating on shares of B2Gold Corp in a research report on Thursday, May 4th. ValuEngine cut shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. BidaskClub cut shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, National Bank Financial reaffirmed a “sector perform market weight” rating on shares of B2Gold Corp in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. B2Gold Corp currently has an average rating of “Buy” and an average price target of $4.50.

About B2Gold Corp

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

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