Traders Buy Large Volume of Call Options on B2Gold (NYSEAMERICAN:BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the recipient of some unusual options trading activity on Monday. Traders purchased 49,197 call options on the stock. This represents an increase of 119% compared to the average daily volume of 22,414 call options.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, B2Gold has an average rating of “Hold”.

B2Gold Stock Up 0.9%

B2Gold stock opened at $5.34 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.03 and a quick ratio of 0.46. The stock has a market capitalization of $7.16 billion, a PE ratio of 38.14 and a beta of 0.60. The business has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $4.39. B2Gold has a 12 month low of $2.27 and a 12 month high of $5.94.

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.