Themes Management Co LLC bought a new stake in B2Gold Corp (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 227,619 shares of the basic materials company’s stock, valued at approximately $1,025,000.
Other large investors have also added to or reduced their stakes in the company. Intact Investment Management Inc. boosted its holdings in shares of B2Gold by 5,130.6% in the 4th quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock worth $7,395,000 after purchasing an additional 1,611,000 shares in the last quarter. Ruffer LLP bought a new position in shares of B2Gold during the 4th quarter valued at about $2,054,000. Vanguard Group Inc. raised its holdings in shares of B2Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after buying an additional 1,018,157 shares in the last quarter. UBS Group AG raised its holdings in shares of B2Gold by 300.3% during the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after buying an additional 2,684,504 shares in the last quarter. Finally, Harvest Portfolios Group Inc. lifted its position in B2Gold by 42.6% in the 4th quarter. Harvest Portfolios Group Inc. now owns 420,586 shares of the basic materials company’s stock worth $1,894,000 after buying an additional 125,721 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on BTG. Scotiabank reaffirmed 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 report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
B2Gold Stock Performance
NYSEAMERICAN BTG opened at $4.58 on Tuesday. The company has a 50-day simple moving average of $4.70 and a two-hundred day simple moving average of $4.78. B2Gold Corp has a 12-month low of $3.25 and a 12-month high of $6.28. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.43 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13.
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $893.41 million. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The company’s quarterly revenue was up 117.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, equities analysts forecast that B2Gold Corp will post 0.66 EPS for the current year.
B2Gold Company Profile
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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