Nikko Asset Management Americas Inc. Has $7.06 Million Stake in B2Gold Corp. (NYSEAMERICAN:BTG)

Nikko Asset Management Americas Inc. lessened its holdings in shares of B2Gold Corp. (NYSEAMERICAN:BTG) (TSE:BTO) by 8.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,510,998 shares of the basic materials company’s stock after selling 229,256 shares during the quarter. Nikko Asset Management Americas Inc. owned 0.25% of B2Gold worth $7,056,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in B2Gold by 1.4% during the 4th quarter. Van ECK Associates Corp now owns 137,124,192 shares of the basic materials company’s stock valued at $400,403,000 after purchasing an additional 1,924,476 shares in the last quarter. Vanguard Group Inc boosted its holdings in B2Gold by 5.3% during the 3rd quarter. Vanguard Group Inc now owns 23,579,327 shares of the basic materials company’s stock worth $54,232,000 after acquiring an additional 1,181,591 shares during the last quarter. Vanguard Group Inc. boosted its holdings in B2Gold by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 23,579,327 shares of the basic materials company’s stock worth $54,232,000 after acquiring an additional 1,181,591 shares during the last quarter. Fiera Capital Corp boosted its holdings in B2Gold by 49.9% during the 4th quarter. Fiera Capital Corp now owns 14,625,879 shares of the basic materials company’s stock worth $42,834,000 after acquiring an additional 4,869,219 shares during the last quarter. Finally, Investec Asset Management LTD boosted its holdings in B2Gold by 67.5% during the 4th quarter. Investec Asset Management LTD now owns 14,342,281 shares of the basic materials company’s stock worth $41,899,000 after acquiring an additional 5,777,359 shares during the last quarter.

BTG traded down $0.02 during mid-day trading on Friday, reaching $2.47. 2,234,512 shares of the stock were exchanged, compared to its average volume of 4,244,351. B2Gold Corp. has a 1 year low of $2.10 and a 1 year high of $3.35.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $301.66 million for the quarter, compared to analysts’ expectations of $299.67 million.

A number of research firms have issued reports on BTG. Canaccord Genuity began coverage on shares of B2Gold in a report on Wednesday, April 24th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of B2Gold from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, TheStreet downgraded shares of B2Gold from a “b-” rating to a “c+” rating in a report on Tuesday, April 2nd.

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B2Gold Company Profile

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.

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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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