Hillsdale Investment Management Inc increased its stake in B2gold Corp (BTG) by 94.06% based on its latest 2016Q3 regulatory filing with the SEC. Hillsdale Investment Management Inc bought 3.16 million shares as the company’s stock declined 6.07% while stock markets rallied. The institutional investor held 6.52 million shares of the precious metals company at the end of 2016Q3, valued at $17.08 million, up from 3.36M at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in B2gold Corp for a number of months, seems to be bullish on the $2.63 billion market cap company. The stock is up 0.36% or $0.01 after the positive news, hitting $2.76 per share. About 5.53M shares traded hands or 25.97% up from the average. B2Gold Corp (NYSEMKT:BTG) has risen 40.31% since June 7, 2016 and is uptrending. It has outperformed by 32.88% the S&P500.
Hillsdale Investment Management Inc is a Ontario, Canada-based institutional investor with more than $1.05 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Hillsdale Investment Management latest Adv, the fund reported to have 16 full and part-time employees. Among which 6 performing investment advisory and research functions. The institutional investor had between 26-100 clients.
According to Zacks Investment Research, “B2Gold Corp. is involved in the exploration and development of gold. The company’s assets are situated in Nicaragua, Colombia, Namibia and Uruguay. B2Gold Corp. is headquartered in Vancouver, Canada.”
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