Royal Bank of Canada Has $2.54 Million Stake in B2Gold Corp $BTG

Royal Bank of Canada lessened its position in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 89.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 559,908 shares of the basic materials company’s stock after selling 4,584,625 shares during the period. Royal Bank of Canada’s holdings in B2Gold were worth $2,538,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

BTG has been the topic of several recent analyst reports. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada dropped their price target on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group cut their price target on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, July 6th. TD Securities upgraded shares of B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Scotiabank raised shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $6.17.

B2Gold Price Performance

BTG stock opened at $5.14 on Monday. B2Gold Corp has a fifty-two week low of $3.57 and a fifty-two week high of $6.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.58. The business’s fifty day moving average price is $4.10 and its two-hundred day moving average price is $4.65. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.34 and a beta of 0.66.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $789.35 million during the quarter, compared to the consensus estimate of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. On average, equities analysts anticipate that B2Gold Corp will post 0.51 earnings per share 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.