McAlvany Wealth Management LLC Lowers Holdings in B2Gold Corp $BTG

McAlvany Wealth Management LLC decreased its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 14.8% during the first quarter, HoldingsChannel.com reports. The firm owned 801,208 shares of the basic materials company’s stock after selling 139,623 shares during the quarter. B2Gold makes up approximately 2.1% of McAlvany Wealth Management LLC’s holdings, making the stock its 19th largest holding. McAlvany Wealth Management LLC’s holdings in B2Gold were worth $3,381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in B2Gold during the 4th quarter valued at about $45,000. DGS Capital Management LLC purchased a new position in B2Gold in the first quarter worth about $50,000. Ascentis Independent Advisors bought a new position in shares of B2Gold in the first quarter worth approximately $50,000. Parkway Wealth Management Group LLC bought a new position in shares of B2Gold in the first quarter worth approximately $51,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of B2Gold during the fourth quarter valued at approximately $55,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTG has been the subject of several analyst reports. Royal Bank Of Canada reduced their price target on shares of 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 lowered their price objective on B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold” and an average target price of $5.50.

B2Gold Price Performance

NYSEAMERICAN BTG opened at $3.67 on Friday. B2Gold Corp has a one year low of $3.31 and a one year high of $6.28. The stock has a 50-day moving average of $4.31 and a 200 day moving average of $4.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.29 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its earnings results 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. The business had revenue of $1.16 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. On average, sell-side analysts forecast that B2Gold Corp will post 0.62 EPS for the current year.

About B2Gold

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.