Traders Buy Large Volume of B2Gold Call Options (NYSEAMERICAN:BTG)

B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) was the target of unusually large options trading on Wednesday. Stock traders bought 17,514 call options on the company. This represents an increase of 11% compared to the typical daily volume of 15,721 call options.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in B2Gold in the 4th quarter valued at approximately $45,000. DGS Capital Management LLC acquired a new position in B2Gold during the 1st quarter worth approximately $50,000. Ascentis Independent Advisors acquired a new position in B2Gold during the 1st quarter worth approximately $50,000. Parkway Wealth Management Group LLC bought a new position in shares of B2Gold during the 1st quarter worth approximately $51,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of B2Gold during the 4th quarter worth approximately $55,000. 61.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BTG. 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 report on Monday, July 6th. Royal Bank Of Canada decreased their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.50.

B2Gold Trading Up 4.9%

BTG stock traded up $0.19 during midday trading on Wednesday, hitting $4.08. 18,117,938 shares of the company’s stock were exchanged, compared to its average volume of 31,224,730. B2Gold has a one year low of $3.46 and a one year high of $6.28. 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 cap of $5.39 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.31 and a beta of 0.66. The stock’s fifty day moving average price is $4.05 and its 200-day moving average price is $4.65.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly 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 company had revenue of $1.16 billion during 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 quarterly revenue was up 117.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Research analysts predict that B2Gold will post 0.58 earnings per share 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.