Great West Life Assurance Co. Can Trims Holdings in B2Gold Corp. (NYSEAMERICAN:BTG)

Great West Life Assurance Co. Can decreased its stake in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 29.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 137,024 shares of the basic materials company’s stock after selling 57,311 shares during the quarter. Great West Life Assurance Co. Can’s holdings in B2Gold were worth $444,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in B2Gold by 4.8% during the second quarter. Vanguard Group Inc. now owns 26,481,250 shares of the basic materials company’s stock worth $80,237,000 after buying an additional 1,217,224 shares in the last quarter. CoreCommodity Management LLC raised its position in B2Gold by 20.2% in the second quarter. CoreCommodity Management LLC now owns 63,100 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 10,600 shares during the period. CIBC Asset Management Inc raised its position in B2Gold by 4.7% in the second quarter. CIBC Asset Management Inc now owns 1,035,206 shares of the basic materials company’s stock valued at $3,146,000 after purchasing an additional 46,145 shares during the period. Alps Advisors Inc. raised its position in B2Gold by 4.3% in the second quarter. Alps Advisors Inc. now owns 2,346,628 shares of the basic materials company’s stock valued at $7,110,000 after purchasing an additional 95,762 shares during the period. Finally, Acadian Asset Management LLC raised its position in B2Gold by 55.8% in the second quarter. Acadian Asset Management LLC now owns 3,440,084 shares of the basic materials company’s stock valued at $10,481,000 after purchasing an additional 1,232,184 shares during the period.

NYSEAMERICAN:BTG opened at $3.61 on Thursday. B2Gold Corp. has a 52 week low of $2.40 and a 52 week high of $4.02.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $267.21 million during the quarter, compared to analysts’ expectations of $307.40 million.

A number of research firms have commented on BTG. TheStreet upgraded B2Gold from a “c” rating to a “b-” rating in a research report on Friday, August 16th. Canaccord Genuity restated a “buy” rating on shares of B2Gold in a research report on Friday, July 19th. Finally, Scotiabank set a $5.30 target price on B2Gold and gave the company a “buy” rating in a research report on Wednesday, September 18th.

About B2Gold

B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, Finland, and Namibia. It primarily explores for gold and silver deposits. The company primarily holds 80% interest in Fekola mine, an open pit gold mine located in Mali; 90% interest in Otjikoto gold mine located north of Windhoek, Namibia; Masbate gold project located in the south-east of Manila, the Philippines; and 95% interest in El Limon mine, an underground gold mine located in northwestern Nicaragua.

See Also: Roth IRA

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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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