Easterly Investment Partners LLC Boosts Holdings in B2Gold Corp $BTG

Easterly Investment Partners LLC boosted its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,934,687 shares of the basic materials company’s stock after buying an additional 109,076 shares during the period. Easterly Investment Partners LLC’s holdings in B2Gold were worth $13,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BTG. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 last quarter. TD Waterhouse Canada Inc. lifted its holdings in B2Gold by 22.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after acquiring an additional 76,384 shares during the period. Ruffer LLP acquired a new stake in B2Gold in the fourth quarter valued at $2,054,000. Kingswood Wealth Advisors LLC acquired a new stake in B2Gold in the fourth quarter valued at $65,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in B2Gold by 17.5% in the fourth 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 during the period. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of B2Gold in a report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, B2Gold currently has an average rating of “Hold”.

B2Gold Price Performance

B2Gold stock opened at $4.76 on Monday. B2Gold Corp has a one year low of $3.31 and a one year high of $6.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.19. The business has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.80. The company has a market cap of $6.34 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.61.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $893.41 million. During the same quarter last year, the company earned $0.09 earnings per share. B2Gold’s quarterly revenue was up 117.7% compared to the same quarter last year. As a group, analysts predict that B2Gold Corp will post 0.65 earnings per share for the current fiscal year.

About B2Gold

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.