Jefferies Financial Group Inc. Makes New Investment in B2Gold Corp $BTG

Jefferies Financial Group Inc. bought a new stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 2nd quarter, Holdings Channel reports. The fund bought 407,474 shares of the basic materials company’s stock, valued at approximately $1,524,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTG. Northwestern Mutual Wealth Management Co. purchased a new stake in B2Gold in the second quarter worth $37,000. Sanctuary Advisors LLC purchased a new stake in shares of B2Gold in the 2nd quarter worth about $41,000. GSA Capital Partners LLP purchased a new stake in shares of B2Gold in the 2nd quarter worth about $43,000. DGS Capital Management LLC bought a new stake in shares of B2Gold during the 1st quarter valued at about $50,000. Finally, Ascentis Independent Advisors bought a new stake in shares of B2Gold during the 1st quarter valued at about $50,000. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 price objective on the stock in a research report on Monday, August 10th. Royal Bank Of Canada dropped their price target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. TD Securities upgraded B2Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets upgraded B2Gold from a “hold” rating to a “moderate buy” rating in a report on Monday, August 10th. Finally, Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 10th. One research 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 stock. Based on data from MarketBeat, B2Gold presently has an average rating of “Buy” and an average target price of $6.17.

B2Gold Trading Down 2.9%

Shares of BTG stock opened at $5.66 on Friday. B2Gold Corp has a 12-month low of $3.57 and a 12-month high of $6.28. 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 firm’s 50 day moving average is $4.35 and its 200 day moving average is $4.68. The stock has a market capitalization of $7.48 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.39 and a beta of 0.66.

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