McAlvany Wealth Management LLC Purchases Shares of 940,831 B2Gold Corp $BTG

McAlvany Wealth Management LLC purchased a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 940,831 shares of the basic materials company’s stock, valued at approximately $4,243,000. B2Gold comprises 3.3% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. McAlvany Wealth Management LLC owned about 0.07% of B2Gold as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of B2Gold in the 4th quarter worth approximately $75,333,000. Millennium Management LLC raised its stake in shares of B2Gold by 248.2% in the fourth quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock valued at $105,264,000 after purchasing an additional 16,639,601 shares in the last quarter. Condire Management LP bought a new position in B2Gold in the fourth quarter worth $50,807,000. Marshall Wace LLP lifted its position in B2Gold by 1,124.3% in the fourth quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock worth $38,591,000 after purchasing an additional 7,857,774 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in B2Gold during the fourth quarter worth $32,899,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

BTG opened at $4.30 on Friday. The company has a market capitalization of $5.70 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.41 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. The firm’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $4.81. B2Gold Corp has a fifty-two week low of $3.31 and a fifty-two week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share 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 analyst estimates of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The firm’s revenue was up 117.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. On average, analysts anticipate 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.