Erste Asset Management GmbH Invests $792,000 in B2Gold Corp $BTG

Erste Asset Management GmbH bought a new position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 175,000 shares of the basic materials company’s stock, valued at approximately $792,000.

A number of other institutional investors and hedge funds have also modified their holdings of BTG. Vanguard Group Inc. grew its stake in 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 acquiring an additional 1,018,157 shares in the last quarter. Norges Bank purchased a new stake in B2Gold during the 4th quarter valued at about $75,333,000. Goldman Sachs Group Inc. grew its stake in B2Gold by 32.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,569,165 shares of the basic materials company’s stock valued at $43,157,000 after acquiring an additional 2,319,482 shares in the last quarter. Legal & General Group Plc grew its stake in B2Gold by 13.4% during the 4th quarter. Legal & General Group Plc now owns 7,206,782 shares of the basic materials company’s stock valued at $32,492,000 after acquiring an additional 849,193 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in B2Gold by 264.6% during the 4th quarter. BNP Paribas Financial Markets now owns 6,722,021 shares of the basic materials company’s stock valued at $30,316,000 after acquiring an additional 4,878,576 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

B2Gold Stock Down 3.5%

Shares of NYSEAMERICAN BTG opened at $3.88 on Thursday. B2Gold Corp has a 12-month low of $3.31 and a 12-month high of $6.28. The stock has a market cap of $5.15 billion, a PE ratio of 10.78, a P/E/G ratio of 0.38 and a beta of 0.61. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $4.72 and a 200 day moving average of $4.82.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $893.41 million. During the same quarter in the prior year, the company earned $0.09 EPS. B2Gold’s revenue was up 117.7% compared to the same quarter last year. As a group, sell-side analysts predict that B2Gold Corp will post 0.65 EPS for the current fiscal 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.