Stock Traders Purchase High Volume of Call Options on B2Gold (NYSEAMERICAN:BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the target of unusually large options trading activity on Wednesday. Traders purchased 49,683 call options on the stock. This is an increase of 76% compared to the typical daily volume of 28,296 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in B2Gold during the 4th quarter worth $45,000. Jefferies Financial Group Inc. acquired a new position in B2Gold during the fourth quarter worth about $55,000. Cerity Partners LLC purchased a new stake in B2Gold during the 4th quarter valued at about $55,000. Inspire Advisors LLC acquired a new stake in B2Gold in the 4th quarter valued at about $59,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in B2Gold in the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BTG. Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

B2Gold Stock Up 1.8%

BTG opened at $6.20 on Thursday. The company has a market cap of $8.30 billion, a PE ratio of 23.85 and a beta of 0.58. B2Gold has a twelve month low of $2.53 and a twelve month high of $6.23. The company has a 50-day moving average price of $4.99 and a 200 day moving average price of $4.67. The company has a quick ratio of 0.47, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). B2Gold had a return on equity of 18.12% and a net margin of 13.13%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm posted $0.01 earnings per share. B2Gold’s quarterly revenue was up 110.9% on a year-over-year basis. Sell-side analysts expect that B2Gold will post 0.26 earnings per share for the current fiscal year.

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.