Eschler Asset Management LLP Acquires Shares of 469,257 B2Gold Corp $BTG

Eschler Asset Management LLP acquired a new stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 469,257 shares of the basic materials company’s stock, valued at approximately $2,116,000. B2Gold makes up about 1.4% of Eschler Asset Management LLP’s holdings, making the stock its 18th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP lifted its stake in B2Gold by 1,124.3% during the fourth quarter. Marshall Wace LLP now owns 8,556,658 shares of the basic materials company’s stock valued at $38,591,000 after buying an additional 7,857,774 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in B2Gold by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,283,749 shares of the basic materials company’s stock valued at $28,352,000 after buying an additional 103,881 shares in the last quarter. Inspire Advisors LLC purchased a new stake in B2Gold during the fourth quarter valued at about $59,000. Bridgewater Associates LP lifted its stake in B2Gold by 40.0% during the fourth quarter. Bridgewater Associates LP now owns 64,773 shares of the basic materials company’s stock valued at $292,000 after buying an additional 18,509 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in B2Gold by 217.8% during the fourth quarter. Stifel Financial Corp now owns 264,880 shares of the basic materials company’s stock valued at $1,195,000 after buying an additional 181,535 shares in the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.

B2Gold Price Performance

BTG stock opened at $4.21 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. B2Gold Corp has a one year low of $3.31 and a one year high of $6.28. The firm has a market capitalization of $5.59 billion, a PE ratio of 11.69, a P/E/G ratio of 0.40 and a beta of 0.61. The firm has a 50-day moving average of $4.70 and a two-hundred day moving average of $4.81.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 117.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, analysts forecast that B2Gold Corp will post 0.65 earnings per share 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.