Vanguard Group Inc. Has $252.27 Million Stock Holdings in B2Gold Corp $BTG

Vanguard Group Inc. increased its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,023,406 shares of the basic materials company’s stock after buying an additional 1,018,157 shares during the period. Vanguard Group Inc.’s holdings in B2Gold were worth $252,273,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Ruffer LLP acquired a new stake in shares of B2Gold in the 4th quarter valued at about $2,054,000. TD Waterhouse Canada Inc. grew its stake in shares of B2Gold by 22.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after buying an additional 76,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of B2Gold by 11.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock valued at $1,749,000 after buying an additional 38,598 shares during the period. Concurrent Investment Advisors LLC lifted its position in B2Gold by 17.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 3,888 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in B2Gold in the 4th quarter valued at about $65,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

B2Gold Price Performance

Shares of NYSEAMERICAN BTG opened at $5.30 on Friday. B2Gold Corp has a fifty-two week low of $2.86 and a fifty-two week high of $6.28. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 0.48 and a beta of 0.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.47 and a current ratio of 1.06. The firm’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $4.78.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced 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. B2Gold had a net margin of 14.91% and a return on equity of 21.78%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $893.41 million. During the same quarter last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 117.7% compared to the same quarter last year. As a group, research analysts anticipate that B2Gold Corp will post 0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.