Vanguard Group Inc. boosted its stake in B2Gold Corp (NYSE:BTG) (TSE:BTO) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 18,536,977 shares of the basic materials company’s stock after buying an additional 995,190 shares during the period. Vanguard Group Inc.’s holdings in B2Gold Corp were worth $52,459,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of B2Gold Corp by 19.5% in the first quarter. Legal & General Group Plc now owns 100,974 shares of the basic materials company’s stock worth $287,000 after buying an additional 16,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of B2Gold Corp by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 130,721 shares of the basic materials company’s stock worth $370,000 after buying an additional 13,853 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of B2Gold Corp by 210.5% in the first quarter. Hillsdale Investment Management Inc. now owns 206,500 shares of the basic materials company’s stock worth $587,000 after buying an additional 140,000 shares in the last quarter. Toronto Dominion Bank increased its position in shares of B2Gold Corp by 2.8% in the first quarter. Toronto Dominion Bank now owns 228,844 shares of the basic materials company’s stock worth $652,000 after buying an additional 6,159 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in shares of B2Gold Corp by 168.8% in the first quarter. Global X Management Co. LLC now owns 519,503 shares of the basic materials company’s stock worth $1,476,000 after buying an additional 326,230 shares in the last quarter.

B2Gold Corp (NYSE:BTG) opened at 2.505 on Thursday. The firm’s 50-day moving average is $2.68 and its 200 day moving average is $2.79. The stock has a market capitalization of $2.45 billion and a P/E ratio of 125.250. B2Gold Corp has a 12-month low of $2.02 and a 12-month high of $3.65.

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A number of brokerages have recently issued reports on BTG. National Bank Financial reiterated a “sector perform market weight” rating on shares of B2Gold Corp in a report on Monday, July 31st. BidaskClub downgraded shares of B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded shares of B2Gold Corp from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine downgraded shares of B2Gold Corp from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Finally, Clarus Securities reiterated a “buy” rating on shares of B2Gold Corp in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. B2Gold Corp currently has a consensus rating of “Hold” and an average price target of $4.50.

B2Gold Corp Company Profile

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

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