First Eagle Investment Management LLC reduced its stake in B2Gold Corp (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,708,102 shares of the basic materials company’s stock after selling 3,162,481 shares during the period. First Eagle Investment Management LLC’s holdings in B2Gold were worth $43,712,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC bought a new stake in B2Gold during the fourth quarter worth $65,000. Concurrent Investment Advisors LLC lifted its stake in B2Gold by 17.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 3,888 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in B2Gold by 17.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 4,236 shares during the last quarter. Centric Wealth Management lifted its stake in B2Gold by 28.8% during the fourth quarter. Centric Wealth Management now owns 28,991 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 6,491 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in B2Gold during the fourth quarter worth $165,000. 61.40% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
BTG has been the subject of several recent analyst reports. Scotiabank restated a “sector perform” rating on shares of B2Gold in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.
B2Gold Stock Up 1.7%
Shares of NYSEAMERICAN:BTG opened at $5.39 on Tuesday. The company has a fifty day moving average of $4.82 and a 200-day moving average of $4.77. The company has a market capitalization of $7.19 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.51 and a beta of 0.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19. B2Gold Corp has a 52-week low of $2.86 and a 52-week high of $6.28.
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The company’s revenue for the quarter was up 117.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, equities analysts predict that B2Gold Corp will post 0.64 EPS for the current fiscal year.
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.
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