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

Key Points

• Unusual options activity: Investors purchased 32,233 B2Gold call options, double the stock’s typical daily call-option volume of 16,121.
• Institutional ownership remains substantial: Several investment firms recently initiated positions, while institutional investors collectively own 61.40% of B2Gold’s shares.
• Analysts remain broadly bullish: B2Gold has a consensus “Buy” rating and a $6.17 price target, despite missing quarterly earnings and revenue estimates; shares recently traded at $5.68.

B2Gold Corp (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO saw some unusual options trading on Monday. Stock investors purchased 32,233 call options on the stock. This is an increase of 100% compared to the typical daily volume of 16,121 call options.

Institutional Investors Weigh In On B2Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold during the 2nd quarter worth about $37,000. Sanctuary Advisors LLC bought a new stake in B2Gold in the second quarter valued at about $41,000. GSA Capital Partners LLP bought a new stake in B2Gold in the second quarter valued at about $43,000. DGS Capital Management LLC acquired a new position in B2Gold in the first quarter worth about $50,000. Finally, Ascentis Independent Advisors acquired a new position in B2Gold in the first quarter worth about $50,000. Institutional investors own 61.40% of the company's stock.

B2Gold Stock Performance

BTG stock traded up $0.16 during trading on Monday, reaching $5.68. 18,239,442 shares of the stock were exchanged, compared to its average volume of 31,069,760. B2Gold has a twelve month low of $3.57 and a twelve month high of $6.28. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $7.51 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.38 and a beta of 0.66. The stock has a 50 day simple moving average of $4.22 and a 200-day simple moving average of $4.65.

B2Gold (NYSEAMERICAN:BTG - Get Free Report) TSE: BTO last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.04). The firm had revenue of $789.35 million during the quarter, compared to the consensus estimate of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.B2Gold's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS. As a group, sell-side analysts anticipate that B2Gold will post 0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

BTG has been the subject of several recent analyst reports. Scotiabank upgraded B2Gold from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a "hold" rating to a "moderate buy" rating in a research report on Monday, August 10th. Jefferies Financial Group cut their price target on B2Gold from $7.00 to $6.00 and set a "buy" rating for the company in a report on Monday, July 6th. TD Securities upgraded shares of B2Gold from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada dropped their target price on shares of B2Gold from $5.75 to $5.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, B2Gold currently has a consensus rating of "Buy" and a consensus price target of $6.17.

About B2Gold

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.

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