B2Gold Corp $BTG Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its position in B2Gold Corp (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) by 57.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,299 shares of the basic materials company’s stock after selling 140,248 shares during the quarter. Quantinno Capital Management LP’s holdings in B2Gold were worth $472,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BTG. Pale Fire Capital SE grew its stake in shares of B2Gold by 77.4% in the first quarter. Pale Fire Capital SE now owns 69,740,133 shares of the basic materials company’s stock valued at $315,923,000 after buying an additional 30,428,530 shares in the last quarter. Norges Bank purchased a new stake in shares of B2Gold in the 4th quarter valued at $75,333,000. Millennium Management LLC lifted its stake in B2Gold by 248.2% during the 4th quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock worth $105,264,000 after acquiring an additional 16,639,601 shares in the last quarter. Condire Management LP acquired a new position in B2Gold during the 4th quarter worth about $50,807,000. Finally, Marshall Wace LLP boosted its holdings in B2Gold by 1,124.3% during the 4th quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock valued at $38,591,000 after acquiring an additional 7,857,774 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.

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B2Gold Price Performance

Shares of NYSEAMERICAN BTG opened at $5.52 on Friday. The stock’s 50-day moving average is $4.22 and its two-hundred day moving average is $4.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. B2Gold Corp has a 1-year low of $3.57 and a 1-year high of $6.28. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.36 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The company had revenue of $789.35 million during the quarter, compared to analysts’ expectations of $836.33 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Analysts forecast that B2Gold Corp will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BTG. Scotiabank raised B2Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets raised shares of B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada dropped their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group cut their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price on the stock in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $6.17.

View Our Latest Analysis on B2Gold

B2Gold Company 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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