Amundi decreased its holdings in shares of B2Gold Corp (NYSEAMERICAN:BTG – Free Report) (TSE:BTO) by 29.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,289,451 shares of the basic materials company’s stock after selling 2,247,334 shares during the quarter. Amundi’s holdings in B2Gold were worth $19,783,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of B2Gold in the 2nd quarter valued at approximately $37,000. Parkway Wealth Management Group LLC bought a new stake in B2Gold during the first quarter worth approximately $51,000. Sanctuary Advisors LLC bought a new stake in B2Gold during the second quarter worth approximately $41,000. DGS Capital Management LLC acquired a new position in B2Gold during the first quarter valued at approximately $50,000. Finally, Ascentis Independent Advisors acquired a new position in B2Gold during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on BTG shares. Royal Bank Of Canada reduced their price objective on shares of B2Gold from $5.75 to $5.00 and set a “sector perform” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group lowered their target price on shares of B2Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Canadian Imperial Bank of Commerce upgraded shares of B2Gold from a “hold” rating to an “outperform” rating and set a $7.50 target price on the stock in a report on Monday, August 10th. Scotiabank upgraded shares of B2Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 10th. Finally, Raymond James Financial raised their price target on B2Gold from $7.25 to $7.50 and gave the company an “outperform” rating in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $6.50.
B2Gold Price Performance
Shares of B2Gold stock opened at $5.38 on Friday. B2Gold Corp has a twelve month low of $3.57 and a twelve month high of $6.28. The firm has a market cap of $7.10 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.37 and a beta of 0.73. The firm’s 50-day simple moving average is $4.66 and its 200-day simple moving average is $4.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.58 and a current ratio of 1.58.
B2Gold (NYSEAMERICAN:BTG – Get Free Report) (TSE:BTO) last issued its 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 17.05% and a net margin of 21.47%.The company had revenue of $789.35 million during the quarter, compared to analyst estimates of $836.33 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, research analysts expect that B2Gold Corp will post 0.49 EPS for the current fiscal year.
About B2Gold
B2Gold Corp. is a Canadian-based gold producer engaged in the exploration, development, and operation of gold mines. The company produces gold doré and sells its output to refiners and other customers. Its portfolio includes the Fekola complex in Mali, the Masbate mine in the Philippines, and the Otjikoto mine in Namibia.
Founded in 2007 by former executives of Bema Gold Corporation, B2Gold has grown from an exploration and development company into an international gold producer. In addition to operating mines, the company conducts exploration and evaluates development opportunities intended to expand and sustain its production base.
B2Gold is headquartered in Vancouver, British Columbia, and has operations and projects across Africa, Asia, and other regions.
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