Eurizon Capital SGR S.p.A. Invests $2.44 Million in B2Gold Corp $BTG

Eurizon Capital SGR S.p.A. bought a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 537,613 shares of the basic materials company’s stock, valued at approximately $2,442,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of B2Gold in the fourth quarter valued at approximately $45,000. Geode Capital Management LLC increased its stake in shares of B2Gold by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 1,631,425 shares of the basic materials company’s stock valued at $7,919,000 after buying an additional 180,666 shares during the period. Themes Management Co LLC acquired a new position in shares of B2Gold in the fourth quarter valued at approximately $1,025,000. Legal & General Group Plc increased its stake in shares of B2Gold by 13.4% in the fourth quarter. Legal & General Group Plc now owns 7,206,782 shares of the basic materials company’s stock valued at $32,492,000 after buying an additional 849,193 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of B2Gold in the fourth quarter valued at approximately $55,000. Institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, B2Gold presently has a consensus rating of “Hold”.

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $4.72 on Wednesday. The company has a market capitalization of $6.29 billion, a PE ratio of 13.11, a P/E/G ratio of 0.44 and a beta of 0.61. The company has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $4.80. 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 Corp has a fifty-two week low of $3.31 and a fifty-two week high of $6.28.

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