1,384,300 Shares in B2Gold Corp $BTG Acquired by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC acquired a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,384,300 shares of the basic materials company’s stock, valued at approximately $6,243,000. Zweig DiMenna Associates LLC owned about 0.10% of B2Gold at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BTG. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in B2Gold by 11.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock worth $1,749,000 after acquiring an additional 38,598 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in B2Gold by 22.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 422,008 shares of the basic materials company’s stock worth $1,900,000 after acquiring an additional 76,384 shares during the last quarter. Ruffer LLP bought a new stake in B2Gold in the 4th quarter worth approximately $2,054,000. Kingswood Wealth Advisors LLC bought a new stake in B2Gold in the 4th quarter worth approximately $65,000. Finally, Concurrent Investment Advisors LLC increased its stake in B2Gold by 17.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,888 shares during the last quarter. 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, B2Gold presently has a consensus rating of “Hold”.

B2Gold Stock Performance

NYSEAMERICAN:BTG opened at $4.76 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. B2Gold Corp has a 1 year low of $3.31 and a 1 year high of $6.28. The stock’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $4.79. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.44 and a beta of 0.60.

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 the consensus estimate of $0.11 by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $893.41 million. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The company’s revenue for the quarter was up 117.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. As a group, equities analysts anticipate 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.