Shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) rose 7.7% during mid-day trading on Monday . The company traded as high as $2.94 and last traded at $2.92. Approximately 5,021,350 shares changed hands during trading, a decline of 11% from the average daily volume of 5,644,422 shares. The stock had previously closed at $2.71.

Separately, BidaskClub downgraded shares of B2Gold from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.63.

The stock has a market capitalization of $2,790.00, a price-to-earnings ratio of 72.25 and a beta of 0.80.

Large investors have recently modified their holdings of the company. Point View Wealth Management Inc. bought a new position in shares of B2Gold in the 4th quarter worth approximately $100,000. BlueCrest Capital Management Ltd bought a new position in shares of B2Gold in the 2nd quarter worth approximately $112,000. Quantitative Systematic Strategies LLC bought a new position in shares of B2Gold in the 4th quarter worth approximately $117,000. Alliancebernstein L.P. bought a new position in shares of B2Gold in the 2nd quarter worth approximately $124,000. Finally, Virtu Financial LLC lifted its stake in shares of B2Gold by 201.6% in the 3rd quarter. Virtu Financial LLC now owns 129,105 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 86,302 shares during the period.

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About B2Gold

B2Gold Corp. (B2Gold) is a Canada-based gold producer with approximately four operating mines and one mine under construction. The Company has a portfolio of other evaluation and exploration projects in various countries, including Mali, Colombia, Burkina Faso, Finland, Chile and Nicaragua. Its material mineral properties consist of three mines and one mine under construction: Otjikoto mine, an open pit gold mine located approximately 300 kilometers north of Windhoek, the capital of Namibia (Otjikoto Mine); Masbate mine, an open pit gold mine, located near the northern tip of the island of Masbate, over 360 kilometers south-east of Manila (Masbate Gold Project); La Libertad mine, an open pit gold mine located over 110 kilometers due east of Managua and 32 kilometers northeast of Juigalpa, Nicaragua (La Libertad Mine), and Fekola gold project, an open pit gold mine under construction located approximately 40 kilometers south of the city of Kenieba, Mali (Fekola Project).

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