B2Gold Target of Unusually High Options Trading (NYSEAMERICAN:BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the target of unusually large options trading on Tuesday. Stock traders acquired 56,670 call options on the stock. This is an increase of 131% compared to the typical volume of 24,495 call options.

Institutional Trading of B2Gold

Several institutional investors have recently modified their holdings of BTG. Northwestern Mutual Wealth Management Co. acquired a new position in shares of B2Gold during the fourth quarter valued at about $45,000. Jefferies Financial Group Inc. bought a new position in B2Gold in the 4th quarter valued at about $55,000. Kingswood Wealth Advisors LLC acquired a new position in B2Gold during the 4th quarter valued at about $65,000. Leonteq Securities AG bought a new stake in B2Gold during the 4th quarter worth approximately $68,000. Finally, Concurrent Investment Advisors LLC increased its holdings in B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

B2Gold Price Performance

Shares of BTG opened at $5.62 on Wednesday. The stock has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $4.53. B2Gold has a 52-week low of $2.50 and a 52-week high of $5.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.46 and a current ratio of 1.03. The firm has a market capitalization of $7.53 billion, a PE ratio of 40.14 and a beta of 0.58.

B2Gold Company Profile

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.