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

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) saw some unusual options trading activity on Tuesday. Stock traders acquired 56,670 call options on the company. This is an increase of 131% compared to the typical daily volume of 24,495 call options.

B2Gold Price Performance

Shares of NYSEAMERICAN:BTG opened at $5.63 on Thursday. B2Gold has a twelve month low of $2.50 and a twelve month high of $5.94. The firm has a market capitalization of $7.55 billion, a PE ratio of 40.21 and a beta of 0.58. The company has a quick ratio of 0.46, a current ratio of 1.03 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $4.81 and a two-hundred day moving average price of $4.53.

Analyst Upgrades and Downgrades

BTG has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a research note on Wednesday, February 4th. Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On B2Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in B2Gold during the fourth quarter valued at approximately $75,333,000. Deutsche Bank AG boosted its holdings in B2Gold by 68.5% in the 4th quarter. Deutsche Bank AG now owns 15,447,214 shares of the basic materials company’s stock valued at $69,667,000 after purchasing an additional 6,281,975 shares during the period. BNP Paribas Financial Markets grew its position in shares of B2Gold by 264.6% during the 4th quarter. BNP Paribas Financial Markets now owns 6,722,021 shares of the basic materials company’s stock valued at $30,316,000 after purchasing an additional 4,878,576 shares in the last quarter. UBS Group AG grew its position in shares of B2Gold by 300.3% during the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after purchasing an additional 2,684,504 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of B2Gold by 32.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 9,569,165 shares of the basic materials company’s stock worth $43,157,000 after purchasing an additional 2,319,482 shares during the period. 61.40% of the stock is owned by hedge funds and other institutional investors.

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.