Healthcare of Ontario Pension Plan Trust Fund Takes $1.63 Million Position in B2Gold Corp $BTG

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 358,816 shares of the basic materials company’s stock, valued at approximately $1,630,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTG. Northwestern Mutual Wealth Management Co. acquired a new position in shares of B2Gold in the fourth quarter worth approximately $45,000. Parkway Wealth Management Group LLC acquired a new stake in B2Gold during the 1st quarter valued at approximately $51,000. DGS Capital Management LLC bought a new position in B2Gold during the 1st quarter worth approximately $50,000. Ascentis Independent Advisors bought a new position in B2Gold during the 1st quarter worth approximately $50,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of B2Gold in the 4th quarter worth approximately $55,000. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $3.75 on Friday. The company has a fifty day moving average of $4.08 and a 200-day moving average of $4.66. The firm has a market capitalization of $4.95 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.31 and a beta of 0.66. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. B2Gold Corp has a twelve month low of $3.35 and a twelve month 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 (EPS) for the quarter, topping 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%. B2Gold’s revenue was up 117.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts anticipate that B2Gold Corp will post 0.58 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.