UBS Group AG Boosts Holdings in B2Gold Corp $BTG

UBS Group AG grew its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 300.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,578,411 shares of the basic materials company’s stock after purchasing an additional 2,684,504 shares during the period. UBS Group AG’s holdings in B2Gold were worth $16,139,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BTG. Vanguard Group Inc. grew its stake in shares of B2Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after buying an additional 1,018,157 shares during the period. Ruffer LLP purchased a new stake in shares of B2Gold in the 4th quarter valued at approximately $2,054,000. TD Waterhouse Canada Inc. grew its stake in shares of B2Gold by 22.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock valued at $1,900,000 after buying an additional 76,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of B2Gold by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after purchasing an additional 38,598 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of B2Gold during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BTG. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Scotiabank reaffirmed a “sector perform” rating on shares of B2Gold in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, B2Gold currently has an average rating of “Hold”.

B2Gold Stock Down 0.2%

B2Gold stock opened at $5.38 on Wednesday. B2Gold Corp has a twelve month low of $2.86 and a twelve month high of $6.28. The stock’s fifty day simple moving average is $4.80 and its 200-day simple moving average is $4.78. 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 firm has a market capitalization of $7.18 billion, a P/E ratio of 14.94, a P/E/G ratio of 0.51 and a beta of 0.60.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share 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 business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $893.41 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The company’s revenue was up 117.7% on a year-over-year basis. As a group, equities analysts expect that B2Gold Corp will post 0.65 earnings per share for the current fiscal year.

B2Gold Company 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.