McAlvany Wealth Management LLC Sells 139,623 Shares of B2Gold Corp $BTG

McAlvany Wealth Management LLC cut its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 14.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 801,208 shares of the basic materials company’s stock after selling 139,623 shares during the period. B2Gold accounts for 2.1% of McAlvany Wealth Management LLC’s portfolio, making the stock its 19th biggest position. McAlvany Wealth Management LLC owned approximately 0.06% of B2Gold worth $3,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in B2Gold in the fourth quarter valued at $45,000. DGS Capital Management LLC bought a new position in B2Gold in the 1st quarter worth $50,000. Ascentis Independent Advisors bought a new position in B2Gold in the 1st quarter worth $50,000. Parkway Wealth Management Group LLC purchased a new stake in shares of B2Gold in the 1st quarter worth about $51,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of B2Gold during the 4th quarter valued at about $55,000. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

Shares of NYSEAMERICAN BTG opened at $3.67 on Friday. B2Gold Corp has a fifty-two week low of $3.31 and a fifty-two week high of $6.28. The company has a 50 day simple moving average of $4.31 and a two-hundred day simple moving average of $4.71. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $893.41 million. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The business’s revenue for the quarter was up 117.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Analysts expect that B2Gold Corp will post 0.62 EPS for the current fiscal year.

Analyst Ratings Changes

BTG has been the topic of several research analyst reports. Jefferies Financial Group reduced their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Royal Bank Of Canada lowered their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, B2Gold presently has an average rating of “Hold” and a consensus target price of $5.50.

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.