ARP Americas LLC lowered its stake in B2Gold Corp (NYSE:BTG) (TSE:BTO) by 10.3% during the second quarter, Holdings Channel reports. The institutional investor owned 42,566 shares of the basic materials company’s stock after selling 4,900 shares during the period. ARP Americas LLC’s holdings in B2Gold Corp were worth $120,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in B2Gold Corp during the fourth quarter valued at about $16,721,000. Nikko Asset Management Americas Inc. boosted its stake in B2Gold Corp by 30.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 3,022,707 shares of the basic materials company’s stock valued at $8,554,000 after buying an additional 699,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in B2Gold Corp by 93.0% in the first quarter. Russell Investments Group Ltd. now owns 1,202,186 shares of the basic materials company’s stock valued at $3,411,000 after buying an additional 579,200 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in B2Gold Corp by 24.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,607,900 shares of the basic materials company’s stock valued at $4,569,000 after buying an additional 311,900 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. purchased a new stake in B2Gold Corp during the first quarter valued at about $4,407,000.

Shares of B2Gold Corp (NYSE BTG) opened at 2.47 on Thursday. B2Gold Corp has a 1-year low of $2.02 and a 1-year high of $3.65. The firm has a market capitalization of $2.41 billion and a PE ratio of 123.50. The firm’s 50 day moving average is $2.68 and its 200 day moving average is $2.79.

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BTG has been the topic of several analyst reports. Zacks Investment Research raised shares of B2Gold Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Clarus Securities reaffirmed a “buy” rating on shares of B2Gold Corp in a research note on Thursday, May 4th. ValuEngine cut shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. BidaskClub cut shares of B2Gold Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, National Bank Financial reaffirmed a “sector perform market weight” rating on shares of B2Gold Corp in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.50.

B2Gold Corp Company Profile

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Institutional Ownership by Quarter for B2Gold Corp (NYSE:BTG)

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