Cibc World Market Inc. Has $13 Million Position in B2Gold Corp $BTG

Cibc World Market Inc. boosted its position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 132.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,888,281 shares of the basic materials company’s stock after purchasing an additional 1,647,031 shares during the quarter. Cibc World Market Inc.’s holdings in B2Gold were worth $12,997,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its holdings 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 valued at $118,000 after purchasing an additional 3,888 shares during the period. SBI Securities Co. Ltd. grew its holdings 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 valued at $128,000 after purchasing an additional 4,236 shares during the period. Centric Wealth Management grew its holdings in B2Gold by 28.8% during the fourth quarter. Centric Wealth Management now owns 28,991 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 6,491 shares during the period. Pictet Asset Management Holding SA grew its holdings in B2Gold by 3.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 251,813 shares of the basic materials company’s stock valued at $1,135,000 after purchasing an additional 9,340 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in B2Gold during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 61.40% of the company’s stock.

B2Gold Stock Down 8.7%

Shares of NYSEAMERICAN BTG opened at $4.18 on Friday. The stock has a market cap of $5.57 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.44 and a beta of 0.61. The firm has a 50 day moving average price of $4.73 and a 200 day moving average price of $4.81. 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 $3.31 and a 52-week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data 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. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business’s revenue for the quarter was up 117.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. Analysts expect that B2Gold Corp will post 0.65 EPS for the current year.

B2Gold 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.