B2Gold Corp $BTG Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 22.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 714,188 shares of the basic materials company’s stock after purchasing an additional 132,263 shares during the period. First Trust Advisors LP’s holdings in B2Gold were worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in B2Gold by 11.1% in the fourth 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 last quarter. TD Waterhouse Canada Inc. lifted its holdings in B2Gold by 22.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock worth $1,900,000 after buying an additional 76,384 shares during the last quarter. Ruffer LLP purchased a new stake in B2Gold during the 4th quarter worth about $2,054,000. Kingswood Wealth Advisors LLC acquired a new position in shares of B2Gold during the 4th quarter worth about $65,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,888 shares in the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTG has been the topic of several research analyst reports. Jefferies Financial Group cut their target price on 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 target on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.50.

B2Gold Price Performance

Shares of BTG opened at $4.09 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. B2Gold Corp has a 1-year low of $3.46 and a 1-year high of $6.28. The stock has a market cap of $5.40 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.33 and a beta of 0.66. The firm has a fifty day moving average price of $4.03 and a 200 day moving average price of $4.65.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The firm had revenue of $789.35 million for the quarter, compared to analysts’ expectations of $836.33 million. During the same period in the previous year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. 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.