B2Gold Corp (BTG) Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its position in shares of B2Gold Corp (NYSE:BTG) (TSE:BTO) by 93.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,202,186 shares of the basic materials company’s stock after buying an additional 579,200 shares during the period. Russell Investments Group Ltd. owned 0.12% of B2Gold Corp worth $3,411,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of B2Gold Corp by 7.4% in the fourth quarter. Van ECK Associates Corp now owns 132,431,055 shares of the basic materials company’s stock worth $313,824,000 after buying an additional 9,141,511 shares in the last quarter. ARP Americas LLC acquired a new stake in shares of B2Gold Corp during the fourth quarter worth $149,000. Investec Asset Management LTD acquired a new stake in shares of B2Gold Corp during the fourth quarter worth $11,519,000. Gabelli Funds LLC increased its stake in shares of B2Gold Corp by 1,166.7% in the fourth quarter. Gabelli Funds LLC now owns 1,520,000 shares of the basic materials company’s stock worth $3,602,000 after buying an additional 1,400,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of B2Gold Corp by 22.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 245,000 shares of the basic materials company’s stock worth $581,000 after buying an additional 44,500 shares in the last quarter.
B2Gold Corp (BTG) opened at 2.93 on Friday. The firm’s 50-day moving average price is $2.52 and its 200 day moving average price is $2.75. B2Gold Corp has a one year low of $2.02 and a one year high of $3.65. The firm has a market capitalization of $2.86 billion and a P/E ratio of 146.50.
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Several equities research analysts recently weighed in on BTG shares. Zacks Investment Research raised B2Gold Corp from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Clarus Securities reissued a “buy” rating on shares of B2Gold Corp in a report on Thursday, May 4th. Finally, Bank of America Corporation started coverage on B2Gold Corp in a report on Thursday, March 2nd. They set a “buy” rating and a $4.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $4.81.
About B2Gold Corp
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