SG Americas Securities LLC Raises Stake in B2Gold Corp $BTG

SG Americas Securities LLC lifted its holdings in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 108.6% during the first quarter, Holdings Channel reports. The fund owned 384,901 shares of the basic materials company’s stock after buying an additional 200,421 shares during the quarter. SG Americas Securities LLC’s holdings in B2Gold were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of BTG. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of B2Gold during the 4th quarter worth approximately $45,000. Jefferies Financial Group Inc. purchased a new stake in shares of B2Gold during the fourth quarter worth about $55,000. Cerity Partners LLC purchased a new stake in B2Gold during the 4th quarter worth approximately $55,000. Inspire Advisors LLC purchased a new stake in shares of B2Gold during the fourth quarter worth approximately $59,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of B2Gold in the fourth quarter valued at about $65,000. 61.40% of the stock is owned by institutional investors and hedge funds.

B2Gold Stock Up 6.8%

BTG stock opened at $4.08 on Friday. B2Gold Corp has a 12 month low of $3.31 and a 12 month high of $6.28. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.36 and a beta of 0.66. The firm has a 50-day moving average of $4.49 and a two-hundred day moving average of $4.78.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, topping 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $893.41 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm’s revenue was up 117.7% compared to the same quarter last year. As a group, analysts forecast 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.