Public Employees Retirement System of Ohio Has $4.80 Million Stock Holdings in B2Gold Corp $BTG

Public Employees Retirement System of Ohio increased its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 94.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,059,676 shares of the basic materials company’s stock after purchasing an additional 515,069 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in B2Gold were worth $4,798,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

BTG has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Royal Bank Of Canada lowered their price target on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.50.

B2Gold Price Performance

NYSEAMERICAN BTG opened at $3.74 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $4.94 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.31 and a beta of 0.66. B2Gold Corp has a 12-month low of $3.31 and a 12-month high of $6.28. The company has a 50 day moving average price of $4.11 and a two-hundred day moving average price of $4.68.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $893.41 million. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. B2Gold’s quarterly revenue was up 117.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. As a group, equities analysts predict that B2Gold Corp will post 0.58 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.