Harvest Portfolios Group Inc. Increases Stock Position in B2Gold Corp $BTG

Harvest Portfolios Group Inc. grew its position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 42.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,586 shares of the basic materials company’s stock after purchasing an additional 125,721 shares during the period. Harvest Portfolios Group Inc.’s holdings in B2Gold were worth $1,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Helikon Investments Ltd purchased a new stake in shares of B2Gold in the fourth quarter valued at about $256,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of B2Gold in the fourth quarter valued at about $346,000. Centric Wealth Management raised its holdings in shares of B2Gold by 28.8% in the fourth quarter. Centric Wealth Management now owns 28,991 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 6,491 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of B2Gold by 85.8% in the fourth quarter. Swiss Life Asset Management Ltd now owns 107,289 shares of the basic materials company’s stock valued at $483,000 after purchasing an additional 49,543 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of B2Gold by 17.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 28,432 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 4,236 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analysts Set New Price Targets

BTG has been the subject of several analyst reports. Scotiabank reiterated a “sector perform” rating on shares of B2Gold in a report on Monday, January 26th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of B2Gold in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, B2Gold presently has an average rating of “Hold”.

B2Gold Price Performance

BTG opened at $4.67 on Thursday. The firm has a market cap of $6.23 billion, a P/E ratio of 12.97, a PEG ratio of 0.44 and a beta of 0.60. The firm has a 50-day moving average of $4.74 and a 200 day moving average of $4.77. 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 $3.18 and a fifty-two week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The company 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%. The firm’s revenue for the quarter was up 117.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, research analysts expect that B2Gold Corp will post 0.66 EPS 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.