B2Gold (BTG) Shares Gap Down to $2.25
B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $2.30, but opened at $2.25. B2Gold shares last traded at $2.12, with a volume of 5578369 shares changing hands.
B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Tuesday, August 7th. The basic materials company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $284.81 million during the quarter, compared to analyst estimates of $285.55 million.
A number of institutional investors have recently added to or reduced their stakes in BTG. Two Sigma Advisers LP acquired a new stake in shares of B2Gold during the fourth quarter valued at about $396,000. Wells Fargo & Company MN increased its position in shares of B2Gold by 13.6% during the first quarter. Wells Fargo & Company MN now owns 1,329,388 shares of the basic materials company’s stock valued at $3,629,000 after acquiring an additional 159,501 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of B2Gold during the first quarter valued at about $1,318,000. American Century Companies Inc. increased its position in shares of B2Gold by 35.0% during the first quarter. American Century Companies Inc. now owns 983,182 shares of the basic materials company’s stock valued at $2,689,000 after acquiring an additional 254,700 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of B2Gold by 7.8% during the first quarter. Swiss National Bank now owns 1,784,429 shares of the basic materials company’s stock valued at $4,883,000 after acquiring an additional 129,400 shares during the last quarter.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.
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