Winmill & CO. Inc. Purchases New Shares in B2Gold Corp $BTG

Winmill & CO. Inc. acquired a new position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 475,000 shares of the basic materials company’s stock, valued at approximately $1,776,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pale Fire Capital SE increased its stake in 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 purchasing an additional 30,428,530 shares during the period. Vanguard Group Inc. grew its holdings in shares of B2Gold by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock worth $252,273,000 after buying an additional 1,018,157 shares during the last quarter. Dimensional Fund Advisors LP increased its position in B2Gold by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock valued at $151,630,000 after acquiring an additional 1,315,923 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in B2Gold in the 2nd quarter valued at about $107,805,000. Finally, Millennium Management LLC raised 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 valued at $105,264,000 after acquiring an additional 16,639,601 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

B2Gold Stock Performance

NYSEAMERICAN BTG opened at $5.52 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $4.22 and its two-hundred day moving average is $4.65. B2Gold Corp has a 12-month low of $3.57 and a 12-month high of $6.28. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.38 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. B2Gold had a return on equity of 17.05% and a net margin of 21.47%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. Research analysts expect that B2Gold Corp will post 0.49 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.