Pale Fire Capital SE Has $315.92 Million Stock Position in B2Gold Corp $BTG

Pale Fire Capital SE raised its stake in shares of B2Gold Corp (NYSEAMERICAN:BTG) (TSE:BTO) by 77.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,740,133 shares of the basic materials company’s stock after buying an additional 30,428,530 shares during the quarter. B2Gold comprises approximately 26.9% of Pale Fire Capital SE’s holdings, making the stock its largest position. Pale Fire Capital SE owned about 0.05% of B2Gold worth $315,923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BTG. Vanguard Group Inc. grew its stake in B2Gold by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 56,023,406 shares of the basic materials company’s stock valued at $252,273,000 after acquiring an additional 1,018,157 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in B2Gold by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,477,302 shares of the basic materials company’s stock worth $151,630,000 after purchasing an additional 1,315,923 shares in the last quarter. Millennium Management LLC lifted its stake in B2Gold by 248.2% in the 4th quarter. Millennium Management LLC now owns 23,342,850 shares of the basic materials company’s stock worth $105,264,000 after purchasing an additional 16,639,601 shares in the last quarter. Norges Bank purchased a new stake in B2Gold in the 4th quarter worth $75,333,000. Finally, Deutsche Bank AG boosted its holdings in shares of B2Gold by 68.5% during the 4th quarter. Deutsche Bank AG now owns 15,447,214 shares of the basic materials company’s stock valued at $69,667,000 after purchasing an additional 6,281,975 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BTG. Jefferies Financial Group cut their price objective on B2Gold from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Royal Bank Of Canada decreased their target price on B2Gold from $5.75 to $5.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 9th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.50.

B2Gold Stock Up 0.8%

NYSEAMERICAN BTG opened at $3.87 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $4.17 and a two-hundred day moving average of $4.69. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.31 and a beta of 0.66. B2Gold Corp has a 52 week low of $3.31 and a 52 week high of $6.28.

B2Gold (NYSEAMERICAN:BTG) (TSE:BTO) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. B2Gold had a net margin of 14.91% and a return on equity of 21.36%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $893.41 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue was up 117.7% compared to the same quarter last year. On average, analysts predict that B2Gold Corp will post 0.58 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.