B2Gold Corp $BTG Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 16.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 981,903 shares of the basic materials company’s stock after buying an additional 136,221 shares during the quarter. Janus Henderson Group PLC’s holdings in B2Gold were worth $4,440,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intact Investment Management Inc. boosted its position in B2Gold by 5,130.6% during the 4th quarter. Intact Investment Management Inc. now owns 1,642,400 shares of the basic materials company’s stock valued at $7,395,000 after purchasing an additional 1,611,000 shares during the period. Ruffer LLP acquired a new stake in B2Gold in the fourth quarter worth $2,054,000. Easterly Investment Partners LLC lifted its stake in B2Gold by 3.9% in the fourth quarter. Easterly Investment Partners LLC now owns 2,934,687 shares of the basic materials company’s stock valued at $13,235,000 after buying an additional 109,076 shares during the last quarter. Bank of Nova Scotia lifted its stake in B2Gold by 56.6% in the first quarter. Bank of Nova Scotia now owns 1,507,589 shares of the basic materials company’s stock valued at $6,848,000 after buying an additional 544,934 shares during the last quarter. Finally, Euro Pacific Asset Management LLC boosted its holdings in shares of B2Gold by 7.3% during the first quarter. Euro Pacific Asset Management LLC now owns 8,141,222 shares of the basic materials company’s stock valued at $36,773,000 after acquiring an additional 556,972 shares during the period. 61.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

B2Gold Stock Down 0.2%

BTG opened at $4.09 on Friday. The stock’s 50 day moving average price is $4.03 and its 200 day moving average price is $4.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.19 and a quick ratio of 0.59. The stock has a market cap of $5.40 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.33 and a beta of 0.66. B2Gold Corp has a 12 month low of $3.46 and a 12 month high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last announced its quarterly earnings results on Thursday, August 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The business had revenue of $789.35 million for the quarter, compared to analyst estimates of $836.33 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, research analysts predict that B2Gold Corp will post 0.58 earnings per share for the current 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.