TD Asset Management Inc Acquires 500,641 Shares of B2Gold Corp $BTG

TD Asset Management Inc grew its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTGFree Report) (TSE:BTO) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,767,858 shares of the basic materials company’s stock after purchasing an additional 500,641 shares during the quarter. TD Asset Management Inc’s holdings in B2Gold were worth $21,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold during the 4th quarter valued at $45,000. Jefferies Financial Group Inc. bought a new position in shares of B2Gold during the 4th quarter valued at $55,000. Kingswood Wealth Advisors LLC bought a new position in shares of B2Gold during the 4th quarter valued at $65,000. Leonteq Securities AG bought a new position in shares of B2Gold during the 4th quarter valued at $68,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 3,888 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

B2Gold stock opened at $4.18 on Monday. The company has a market capitalization of $5.57 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.40 and a beta of 0.61. The firm’s fifty day simple moving average is $4.73 and its 200-day simple moving average is $4.81. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. B2Gold Corp has a 1-year low of $3.31 and a 1-year high of $6.28.

B2Gold (NYSEAMERICAN:BTGGet Free Report) (TSE:BTO) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $893.41 million. During the same period last year, the business posted $0.09 EPS. B2Gold’s revenue was up 117.7% compared to the same quarter last year. Sell-side analysts forecast that B2Gold Corp will post 0.65 earnings per share for the current fiscal year.

B2Gold Profile

(Free Report)

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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Institutional Ownership by Quarter for B2Gold (NYSEAMERICAN:BTG)

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