Norges Bank Acquires New Shares in B2Gold Corp $BTG

Norges Bank acquired a new stake in B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 16,730,740 shares of the basic materials company’s stock, valued at approximately $75,333,000.

A number of other large investors have also made changes to their positions in BTG. UBS Group AG increased its position in shares of B2Gold by 300.3% in the 4th quarter. UBS Group AG now owns 3,578,411 shares of the basic materials company’s stock valued at $16,139,000 after buying an additional 2,684,504 shares in the last quarter. Intact Investment Management Inc. increased its position in shares of B2Gold by 5,130.6% in 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 buying an additional 1,611,000 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of B2Gold in the 4th quarter valued at $6,243,000. Vanguard Group Inc. increased its holdings in B2Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock worth $252,273,000 after purchasing an additional 1,018,157 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in B2Gold by 13.4% during the 4th quarter. Legal & General Group Plc now owns 7,206,782 shares of the basic materials company’s stock worth $32,492,000 after purchasing an additional 849,193 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

B2Gold Price Performance

BTG stock opened at $4.18 on Friday. The stock has a 50-day moving average price of $4.73 and a two-hundred day moving average price of $4.81. The stock has a market cap of $5.57 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.40 and a beta of 0.61. 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 1 year low of $3.31 and a 1 year high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $893.41 million. B2Gold had a return on equity of 21.36% and a net margin of 14.91%.The company’s revenue was up 117.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Equities analysts forecast that B2Gold Corp will post 0.65 EPS 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.