B2Gold (NYSEAMERICAN:BTG) Announces Quarterly Earnings Results

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) released its quarterly earnings data on Wednesday. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11), Briefing.com reports. B2Gold had a net margin of 8.75% and a return on equity of 14.95%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business earned $0.01 EPS. B2Gold’s revenue for the quarter was up 110.9% compared to the same quarter last year.

B2Gold Trading Down 10.0%

Shares of NYSEAMERICAN:BTG traded down $0.54 during trading hours on Thursday, hitting $4.84. 11,102,334 shares of the company’s stock traded hands, compared to its average volume of 44,810,578. The firm has a market capitalization of $6.48 billion, a P/E ratio of 34.57 and a beta of 0.58. The business has a fifty day moving average price of $4.88 and a 200-day moving average price of $4.60. B2Gold has a 1 year low of $2.53 and a 1 year 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.

Institutional Trading of B2Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of BTG. Geode Capital Management LLC boosted its stake in shares of B2Gold by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 1,631,425 shares of the basic materials company’s stock valued at $7,919,000 after purchasing an additional 180,666 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in B2Gold in the 4th quarter valued at about $45,000. Goldman Sachs Group Inc. grew its stake in B2Gold by 32.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 9,569,165 shares of the basic materials company’s stock worth $43,157,000 after acquiring an additional 2,319,482 shares in the last quarter. Cerity Partners LLC bought a new position in B2Gold in the 4th quarter worth about $55,000. Finally, Deutsche Bank AG increased its position in shares of B2Gold by 68.5% during the fourth quarter. Deutsche Bank AG now owns 15,447,214 shares of the basic materials company’s stock worth $69,667,000 after acquiring an additional 6,281,975 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BTG. Scotiabank reissued a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of B2Gold in a report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, B2Gold presently has an average rating of “Hold”.

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.