B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO)’s share price shot up 5.1% during mid-day trading on Tuesday . The stock traded as high as $3.09 and last traded at $3.09. 1,689,665 shares were traded during mid-day trading, a decline of 62% from the average session volume of 4,445,829 shares. The stock had previously closed at $2.94.

BTG has been the topic of several recent research reports. BidaskClub downgraded B2Gold from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research raised B2Gold from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Wednesday, October 11th. ValuEngine raised B2Gold from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, National Bank Financial raised B2Gold from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $3.63.

The company has a market cap of $2,820.00, a price-to-earnings ratio of 74.50 and a beta of 0.90.

A number of institutional investors and hedge funds have recently made changes to their positions in BTG. Bank of New York Mellon Corp lifted its holdings in B2Gold by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,675 shares of the basic materials company’s stock worth $370,000 after buying an additional 954 shares during the period. Legal & General Group Plc raised its position in shares of B2Gold by 6.6% in the 2nd quarter. Legal & General Group Plc now owns 107,607 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 6,633 shares in the last quarter. Comerica Bank bought a new position in shares of B2Gold in the 2nd quarter worth about $284,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of B2Gold by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,650 shares of the basic materials company’s stock worth $199,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of B2Gold by 2.1% in the 2nd quarter. Swiss National Bank now owns 1,621,529 shares of the basic materials company’s stock worth $4,565,000 after acquiring an additional 33,300 shares in the last quarter.

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About B2Gold

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