208,812 Shares in B2Gold Corp $BTG Purchased by Persistent Asset Partners Ltd

Persistent Asset Partners Ltd purchased a new position in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 208,812 shares of the basic materials company’s stock, valued at approximately $781,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTG. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in B2Gold by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387,839 shares of the basic materials company’s stock valued at $1,749,000 after purchasing an additional 38,598 shares during the period. TD Waterhouse Canada Inc. boosted its holdings 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 purchasing an additional 76,384 shares during the last quarter. Ruffer LLP acquired a new position in shares of B2Gold in the 4th quarter valued at $2,054,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of B2Gold during the 4th quarter valued at $65,000. Finally, Concurrent Investment Advisors LLC grew its stake in shares of B2Gold by 17.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 26,079 shares of the basic materials company’s stock valued at $118,000 after buying an additional 3,888 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

BTG has been the topic of several research reports. Canadian Imperial Bank of Commerce raised B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price on the stock in a research report on Monday, August 10th. Jefferies Financial Group dropped their price target on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Scotiabank upgraded B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 10th. ATB Cormark Capital Markets raised B2Gold from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada decreased their target price on B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $6.17.

B2Gold Price Performance

Shares of B2Gold stock opened at $5.14 on Monday. The company has a fifty day moving average price of $4.10 and a 200 day moving average price of $4.65. The company has a current ratio of 1.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.11. B2Gold Corp has a twelve month low of $3.57 and a twelve month high of $6.28. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 0.34 and a beta of 0.66.

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 the consensus estimate of $0.07 by ($0.04). The company had revenue of $789.35 million during the quarter, compared to analyst estimates of $836.33 million. B2Gold had a net margin of 21.47% and a return on equity of 17.05%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Equities research analysts forecast that B2Gold Corp will post 0.51 earnings per share for the current fiscal 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.