B2Gold Sees Unusually High Options Volume (NYSEAMERICAN:BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) saw unusually large options trading on Monday. Stock investors acquired 49,197 call options on the stock. This represents an increase of approximately 119% compared to the average volume of 22,414 call options.

Institutional Investors Weigh In On B2Gold

A hedge fund recently raised its stake in B2Gold stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 387,839 shares of the basic materials company’s stock after purchasing an additional 38,598 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in B2Gold were worth $1,749,000 as of its most recent SEC filing. Institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $5.53 on Wednesday. B2Gold has a 12 month low of $2.31 and a 12 month high of $5.94. 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 firm has a market capitalization of $7.41 billion, a PE ratio of 39.50 and a beta of 0.60. The business’s fifty day moving average price is $4.60 and its 200 day moving average price is $4.40.

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.